All provisions · Beneficial Ownership Act (Cap. 251B) · Part IV: Miscellaneous provisions
17B Facultad para emitir directrices
(1) Una Competent Authority podrá emitir una directriz a una persona jurídica o estructura jurídica o agente residente, según considere apropiado, para garantizar el cumplimiento de las disposiciones de esta Ley.
(2) Una directriz emitida en virtud de esta Ley podrá especificar el plazo en el que, o el período durante el cual, deberá cumplirse.
(3) Una Competent Authority podrá revocar en cualquier momento una directriz emitida en virtud de este artículo.
(4) Toda persona que no cumpla con una directriz emitida en virtud de este artículo estará sujeta a una sanción no superior a SCR150,000. (Inserted by Act 38 of 2022)
(2) Una directriz emitida en virtud de esta Ley podrá especificar el plazo en el que, o el período durante el cual, deberá cumplirse.
(3) Una Competent Authority podrá revocar en cualquier momento una directriz emitida en virtud de este artículo.
(4) Toda persona que no cumpla con una directriz emitida en virtud de este artículo estará sujeta a una sanción no superior a SCR150,000. (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 directions
(1) A Competent Authority may issue a direction to a legal person or legal arrangement or resident agent, as it considers appropriate, to ensure compliance with the provisions of this Act.
(2) A direction issued under this Act may specify the time by which, or period during which, it shall be complied with.
(3) A Competent Authority may revoke a direction issued under this section at any time.
(4) Any person who fails to comply with a direction issued under this section shall be liable to a penalty not exceeding SCR150, 000. (Inserted by Act 38 of 2022)
(2) A direction issued under this Act may specify the time by which, or period during which, it shall be complied with.
(3) A Competent Authority may revoke a direction issued under this section at any time.
(4) Any person who fails to comply with a direction issued under this section shall be liable to a penalty not exceeding SCR150, 000. (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
