s 32 Regulations
32.—(1) The Authority may, with the approval of the Minister, make regulations as may be necessary or expedient for giving effect to the provisions of this Act. (2) Without limiting subsection (1), regulations may be made to —(a) prescribe the amount of fees to be paid on an application for the issue of a certificate under section 14(1); (b) provide for the cancellation and delivery up to the Director of a certificate issued under section 14(1); (c) provide for matters relating to the conversion of amounts mentioned in sections 7(3) and 28(5) from special drawing rights to such sums in Singapore dollars; (d) provide for any other matter which is required or authorised by any provision of this Act to be provided for by regulations; and (e) provide that any contravention or failure to comply with any of such regulations shall be an offence punishable with a fine not exceeding $10,000 or with imprisonment for a term not exceeding 12 months or with both.