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← Securities and Futures Act 2001

Securities and Futures Act 2001 s 129H

s 129H Exemption from section 129C

129H.—(1) Without affecting section 337(1), the Authority may, by regulations made under section 129G, exempt any specified person or class of specified persons from all or any of the provisions of section 129C, subject to such conditions or restrictions as the Authority may prescribe in those regulations.[34/2012] (2) The Authority may, by written notice, exempt any specified person from all or any of the provisions of section 129C, subject to such conditions or restrictions as the Authority may specify by written notice.[34/2012; 4/2017] (3) It is not necessary to publish any exemption granted under subsection (2) in the Gazette.[34/2012] (4) Every specified person that is granted an exemption under subsection (1) or (2) must satisfy every condition or restriction imposed on the specified person under the applicable subsection.[34/2012] (4A) The Authority may at any time add to, vary or revoke any condition or restriction imposed under this section.[4/2017] (5) Any specified person who contravenes subsection (4) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.[34/2012]

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

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