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Formal Consolidation | 1993 RevEd
Establishment of commodities futures markets
4.—(1) No person shall establish or maintain or assist in establishing or maintaining or hold himself out as providing or maintaining a commodity futures market in Singapore that is not the commodity futures market of a Commodity Futures Exchange that has been approved by the Board under section 5(2).
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $30,000 or to imprisonment for a term not exceeding 3 years or to both.
Informal Consolidation | Amended Act 22 of 2001
Establishment of commodities markets
4.—(1) No person shall establish or maintain or assist in establishing or maintaining or hold himself out as providing or maintaining —
(a)
any commodity market unless such commodity market has been approved by the Board under section 5(2); or
(b)
a commodity futures market other than the Commodity Futures Exchange that has been approved by the Board under section 5(2).
[22/2001 wef 27/06/2001]
(2) Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $30,000 or to imprisonment for a term not exceeding 3 years or to both.