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← Financial Services and Markets Act 2022

Financial Services and Markets Act 2022 s 28J

s 28J False or misleading disclosures

28J. A prescribed financial institution, or an officer of the prescribed financial institution, that knowingly or recklessly —(a) discloses any risk information under section 28D or 28E; (b) publishes any risk information under section 28F; or (c) makes any correction to the risk information mentioned in paragraph (a) or (b), that is false or misleading in a material particular, shall be guilty of an offence and shall be liable on conviction — (d) 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 (e) in any other case, to a fine not exceeding $1 million.[Act 19 of 2023 wef 01/04/2024]

Read this section in the full act → · Open Division 2 →

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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