All provisions · Beneficial Ownership Act (Cap. 251B) · Part IV: Miscellaneous provisions
17A Facultad de emitir directrices o códigos
(1) Una Competent Authority podrá emitir directrices o códigos no incompatibles con esta Ley o cualquier ley pertinente respecto de todos los asuntos que por o en virtud de esta Ley se requieran o se permitan emitir, o sea necesario prever, a fin de llevar a cabo o dar efecto a las disposiciones de esta Ley o de cualesquiera Reglamentos dictados en virtud de la misma.
(2) Toda persona deberá cumplir con cualquier directriz o código emitido por una Competent Authority.
(3) Toda persona que contravenga las disposiciones del subapartado (2) será pasible de una sanción no superior a SCR150,000 por cada contravención. (Inserted by Act 38 of 2022)
(2) Toda persona deberá cumplir con cualquier directriz o código emitido por una Competent Authority.
(3) Toda persona que contravenga las disposiciones del subapartado (2) será pasible de una sanción no superior a SCR150,000 por cada contravención. (Inserted by Act 38 of 2022)
Translation for information only. Only the English original is legally binding.
Original wording (English, legally binding): 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
