Disciplinary action against licensed international market agent representative
41.—(1) In this regulation and regulation 42 —
“disciplinary action”, in relation to a licensed international market agent representative, means one or more of the following:
(a)
the issuing of a letter of censure to the licensed international market agent representative;
(b)
the variation of any condition of his international market agent representative licence;
(c)
the cancellation or suspension of his international market agent representative licence;
(d)
the cancellation of his international market agent representative licence and disqualification from obtaining or applying for any international market agent representative licence for a specified period;
(e)
the imposition of a financial penalty not exceeding $10,000 for each ground of disciplinary action;
“grounds for disciplinary action” means any of the following grounds in respect of a licensed international market agent representative:
(a)
that his international market agent representative licence was improperly obtained in that, when it was granted, there were grounds for refusing it;
(b)
that the licensed international market agent representative has been convicted or found guilty of —
(i)
an offence arising out of or in connection with his employment as an international market agent representative; or
(ii)
whether in Singapore or elsewhere, an offence involving dishonesty or moral turpitude;
(c)
that the licensed international market agent representative has contravened any provision of the Act or these Regulations or a condition of his international market agent representative licence;
(d)
that the licensed international market agent representative has failed to provide information that he is required by the Act or these Regulations to provide or has provided information knowing it to be false or misleading or reckless as to whether it is so;
(e)
that for any reason, the licensed international market agent representative is, in the opinion of the Authority, no longer a suitable person to hold an international market agent representative licence having regard to the matters in regulation 14.
(2) A letter of censure may censure the licensed international market agent representative in respect of any matter connected with the organisation, promotion or conduct of any casino marketing arrangement and may include a direction to the licensed international market agent representative to rectify, within a specified time, any matter giving rise to the letter of censure.
(3) If any direction to rectify given under paragraph (2) to a licensed international market agent representative is not complied with within the specified time, the Authority may, by giving written notice to the licensed international market agent representative —
(a)
cancel, suspend or vary the terms of his international market agent representative licence; or
(b)
impose a financial penalty not exceeding $10,000,
without affording the licensed international market agent representative a further opportunity to be heard.