s 57 Offences under this Part
57.—(1) Any person who —(a) without reasonable excuse, refuses or fails to comply with an order under section 56(1)(b), (c) or (d); or (b) in purported compliance with an order —(i) under section 56(1)(b) or (c), furnishes to the Authority, or transmits to the regulatory authority, any material or copy thereof that is false or misleading in a material particular; or (ii) under section 56(1)(d), makes a statement to the Authority that is false or misleading in a material particular, shall be guilty of an offence. (2) Any person guilty of an offence under subsection (1)(a) shall be liable on conviction —(a) in the case of an individual, to a fine not exceeding $50,000; or (b) in any other case, to a fine not exceeding $100,000. (3) Any person guilty of an offence under subsection (1)(b) shall be liable on conviction —(a) in the case of an individual, to a fine not exceeding $125,000 or to imprisonment for a term not exceeding 3 years or to both; or (b) in any other case, to a fine not exceeding $250,000. (4) Notwithstanding subsection (3), an individual shall not be sentenced to imprisonment for an offence under subsection (1)(b) unless he committed the offence wilfully.