Singapore legislation
Section 16B
Section 16B
Restrictions on transfer, etc., and surrender of licences
(1)
Every licence is not capable of being transferred or assigned unless —
the licence contains a condition authorising the transfer or assignment; and
the Authority consents in writing to the transfer or assignment.
(2)
Any consent under subsection (1) may be given subject to compliance with such conditions as the Authority thinks fit to impose, which may, subject to section 16, include conditions modifying, or requiring or otherwise providing for the making of modifications to, the conditions of the licence.
(3)
A transfer or an assignment, or a purported transfer or assignment, of a licence is void —
if the licence is not capable of transfer or assignment;
if the transfer or assignment, or purported transfer or assignment, is in breach of a condition of the licence; or
if there has, before the transfer or assignment or purported transfer or assignment, been a contravention of a condition subject to compliance with which the consent required by subsection (1) is given.
(4)
Every licence is not capable of being surrendered without the written consent of the Authority, and any surrender or purported surrender of a licence is void if it is without such consent.