Section 194

An offer under subsection (1) may be made at any time after the offence has been committed, but before any prosecution for it has been instituted.

Where the amount specified in the offer under subsection (1)

is not paid within the time specified in the offer, or within such extended period as the Authority may grant, prosecution of the offence may be instituted at any time after that against the person to whom the offer was made.

Where an offence has been compounded under subsection (1), no prosecution shall be instituted after that in respect of such offence against the person to whom the offer to compound was made.

Labuan Financial Services and Securities 183

Any monies paid into the Authority pursuant to subsection (1)

shall be paid into and form part of the Fund established under section 29 of the Labuan Financial Services Authority Act 1996.

Service of documents