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.