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← Securities and Futures Act 2001

Securities and Futures Act 2001 s 137Q

s 137Q Penalties under this Subdivision

137Q.—(1) Any person who —(a) intentionally or recklessly contravenes section 137P(1) or (2); or (b) in purported compliance with section 137P, provides any information which the person knows is false or misleading in a material particular or is reckless as to whether it is, shall be guilty of an offence and shall — (c) in the case of an individual, be liable on conviction to a fine not exceeding $250,000 or to imprisonment for a term not exceeding 2 years or to both and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction; or (d) in the case of a corporation, be liable on conviction to a fine not exceeding $250,000 and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.[2/2009] (2) Any person who —(a) contravenes section 137P(1) or (2); or (b) in purported compliance with section 137P, provides any information which is false or misleading in a material particular, in circumstances other than as set out in subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $25,000 and, in the case of a continuing offence, to a further fine not exceeding $2,500 for every day or part of a day during which the offence continues after conviction. [2/2009] (3) No proceedings shall be instituted against a person for an offence under this section after ––(a) a court has made an order against the person for the payment of a civil penalty under section 137ZD in respect of the same contravention; or (b) the person has entered into an agreement with the Authority to pay, with or without admission of liability, a civil penalty under section 137ZD(4), in respect of the same contravention.[2/2009]

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

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