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Penalty
Banks And Financial Institutions (Unit Trusts) Regulations, reg. 22 · Revised Edition 2020
Any licensee or other person who contravenes the provisions of these Regulations shall be guilty of an offence and shall be liable on summary conviction to a fine not exceeding ten thousand dollars or to imprisonment for a term not exceeding six months or to both such fine and imprisonment, and in addition, to a fine of five hundred dollars for every day the offence continues.
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