False reports
54.  Any person who, with intent to deceive, makes or furnishes, or knowingly and wilfully authorises or permits the making or furnishing of, any false or misleading statement or report to the Board, a commodity market, a clearing house or any officers thereof relating to —
(a)trading in commodity contracts;
[35/2007 wef 27/02/2008]
(b)any matter or thing required by the Board for the proper administration of this Act; or
(c)the enforcement of the business rules of a commodity market or a clearing house,
[35/2007 wef 27/02/2008]
shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 2 years or to both.
[35/2007 wef 27/02/2008]