Page:Electronic Transactions Act 2010.pdf/19

20 representatives and the recovery of the costs and expenses involved in such an inquiry.

(3) Without prejudice to the generality of subsection (1), the Minister may make regulations to provide for the cross-border recognition of specified security procedure providers or specified security procedures or any processes or records related thereto, including any requirements—
 * (a) relating to interoperability arrangements with the specified security procedure providers;
 * (b) whether the specified security procedure providers satisfy certain requirements applicable to specified security procedure providers registered, accredited or licensed under this Act;
 * (c) whether the specified security procedures, processes or records satisfy certain requirements applicable to specified security procedures, processes or records (as the case may be) under this Act;
 * (d) that the processes or records have been guaranteed by a specified security procedure provider registered, accredited or licensed under this Act;
 * (e) that—
 * (i) the specified security procedure providers have been registered, accredited or licensed;
 * (ii) the processes have been specified; or
 * (iii) the records have been registered, under a particular registration, accreditation or licensing scheme (as the case may be) established outside Singapore; or
 * (f) that the specified security procedure providers, specified security procedures, processes or records have been recognised under a particular bilateral or multilateral agreement with Singapore.

(4) Regulations made under this section may provide that a contravention of a specified provision shall be an offence and may provide penalties for a fine not exceeding $50,000 or imprisonment for a term not exceeding 12 months or both.