—(1) No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored value in stored value facilities, other than —
widely accepted stored value facilities; and
stored value facilities or classes of stored value facilities excluded under subsection (2)(b),
in excess of $30 million.
(2) The Authority may by order published in the Gazette —
vary the amount of stored value specified in subsection (1); or
exclude such stored value facility or class of stored value facilities from being included in the computation of the stored value for the purposes of subsection (1) as the Authority thinks fit.
(3) For the purposes of subsection (1), the Authority may prescribe the circumstances in which a person shall be deemed to be under the control or influence of another person.
(4) Any person who contravenes 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.