Prospectus compliance: issuing a prospectus in contravention of disclosure rules leads to company and participants being liable to fines. Issuing a prospectus in contravention of the disclosure provisions renders the company and every person knowingly party thereto punishable by fine; persons whose profession gives authority to statements in a prospectus are defined as experts, including engineers, valuers and accountants; enforcement includes concurrent prosecution powers exercisable by the administrative authority and the securities regulator, with delegation of such powers to the regulator and a statutory upward amendment of the maximum fine.
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Prospectus compliance: issuing a prospectus in contravention of disclosure rules leads to company and participants being liable to fines.
Issuing a prospectus in contravention of the disclosure provisions renders the company and every person knowingly party thereto punishable by fine; persons whose profession gives authority to statements in a prospectus are defined as experts, including engineers, valuers and accountants; enforcement includes concurrent prosecution powers exercisable by the administrative authority and the securities regulator, with delegation of such powers to the regulator and a statutory upward amendment of the maximum fine.
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