Deposit Insurance (Composition of Offences) Regulations

Status:

Revised Edition
published on 01 Oct 2007

Deposit Insurance Act

(CHAPTER 77A, Section 46(3))

Rg 1

G.N. No. S 7/2006

REVISED EDITION 2007

(1st October 2007)

[5th January 2006]

Citation

1. These Regulations may be cited as the Deposit Insurance (Composition of Offences) Regulations.

Compoundable offences

2. The following offences may be compounded by the Authority in accordance with section 46(1) of the Act:

(a)	an offence under the Act which is punishable with a fine only;
(b)	an offence under section 29, 41(1)(b) or 42 of the Act; and
(c)	an offence under subsection (1)(a) of section 41 of the Act, where the non-compliance referred to in that subsection constitutes a compoundable offence under paragraph (a) or (b). [G.N. No. S 7/2006]

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