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Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)

Part XII : General

116. Penalties

 

Subject to the provisions of the Criminal Law Amendment Act, 1997 (Act No. 105 of 1997), regarding minimum sentences for serious offences any person who is in terms of any provision of this Act, guilty of an offence in respect of which no penalty is specifically provided, is liable to a fine not exceeding R10 million or to imprisonment for a period not exceeding 10 years or to both such fine and such imprisonment.

 

[Section 116 amended by section 238 of Act No. 45 of 2013]