Cap. 514 Art. 48Offences.

Any person who:

(a) for the purposes of obtaining a licence under this Act, or pursuant to any of the provisions of this Act, any regulations or Pension Rules issued thereunder, or any condition, obligation, requirement or Pension Rules or directive made or given as aforesaid, furnishes information or makes a statement or a declaration which he knows to be inaccurate, false or misleading in any material respect, or recklessly furnishes information or makes a statement or a declaration which is inaccurate, false or misleading in any material respect;

(b) is knowingly a party to the carrying out of any retirement scheme or retirement fund or licensable activity with an intent to defraud or for a fraudulent purpose;

(c) by any statement, promise or forecast which he knows to be misleading, false or deceptive, or by any dishonest concealment of material facts, or by the reckless making (whether dishonest or otherwise) of any statement, promise or forecast which is misleading, false or deceptive, induces or attempts to induce another person to enter into, or offer to enter into a retirement scheme or retirement fund;

(d) with intent to avoid detection of the commission of an offence under this Act, any regulations or Pension conferred by this Act or any regulations or Pension Rules issued thereunder, shall be guilty of an offence.