All provisions · Beneficial Ownership Act (Cap. 251B) · Part IV: Miscellaneous provisions
17A Power to issue guidelines or codes
(1) A Competent Authority may issue guidelines or codes not inconsistent with this Act or any relevant laws for all matters which by or under this Act are required or permitted to be issued, or necessary to be provided for, in order to carry out or give effect to the provisions of this Act or any Regulations made thereunder.
(2) Every person shall comply with any guidelines or codes issued by a Competent Authority.
(3) Any person who contravenes the provisions of subsection (2) shall be liable to a penalty not exceeding SCR150,000 for each contravention. (Inserted by Act 38 of 2022)
(2) Every person shall comply with any guidelines or codes issued by a Competent Authority.
(3) Any person who contravenes the provisions of subsection (2) shall be liable to a penalty not exceeding SCR150,000 for each contravention. (Inserted by Act 38 of 2022)
Official source: Beneficial Ownership Act (Cap. 251B), Act 4 of 2020, Revised Edition as at 31 May 2024 (Acts 4 of 2020, 6 of 2021, 26 of 2021, 38 of 2022, 28 of 2023); Act 18 of 2025 worked in by us
