On 24/05/2013,
you requested for the version in force on 24/05/2013
incorporating all amendments published on or before 24/05/2013.
The closest version currently available is that of 01/04/2006.
81ZL.
—(1) The Authority may, if it thinks it necessary or expedient —
(a)
for ensuring fair, orderly and transparent markets;
(b)
for ensuring safe and efficient clearing facilities;
(c)
for ensuring the integrity and stability of the capital markets or the financial system;
(d)
in the interests of the public or a section of the public or for the protection of investors;
(e)
for the effective administration of this Act; or
(f)
issue directions by notice in writing either of a general or specific nature to an approved holding company, and the approved holding company shall comply with such directions.
[1/2005]
(2) Any approved holding company which, without reasonable excuse, contravenes a direction issued under subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 and, in the case of a continuing offence, to a further fine not exceeding $15,000 for every day or part thereof during which the offence continues after conviction.
[1/2005]
(3) For the avoidance of doubt, a direction issued under subsection (1) shall be deemed not to be subsidiary legislation.
[1/2005]
[SIA, s 21; E (DM) A, s. 14]