Investor Compensation Act, 1998

Amendment of section 70 of Stock Exchange Act, 1995.

83.Section 70 of the Stock Exchange Act, 1995 , is hereby amended by the deletion of subsection (7) and the substitution of the following subsection:

“(7) A person who, in purported compliance with any provision of this Act or any regulation made thereunder—

(a) provides an answer or explanation, makes a statement or produces, lodges or delivers any return, report, certificate, balance sheet or other document false in a material particular, knowing it to be false, or

(b) recklessly provides an answer or explanation, makes a statement or produces, lodges or delivers any return, report, certificate, balance sheet or other document false in a material particular, or

(c) knowingly withholds or omits information,

shall be guilty of an offence.”.