Singapore legislation

Section 15

of Pawnbrokers Act 2015

Section 15

Grounds for declining to approve director or manager, etc.

Approval under section 14(3) may, in particular, be refused or withdrawn if the relevant person —

(a)

is below 21 years of age;

(b)

is or becomes a disqualified person;

(c)

is, in the Registrar’s opinion, not of good character;

(d)

is, in the Registrar’s opinion, not a fit and proper person to carry on or manage the licensee’s business of pawnbroking;

(e)

has carried on the business of pawnbroking in Singapore or elsewhere in a way that, in the Registrar’s opinion, makes the licensee unfit to hold a licence; or

(f)

in any case where the approval is for the person to be appointed or to act as a manager of the licensee —

(i)

is not ordinarily resident in Singapore;

(ii)

will not be ordinarily resident in Singapore while the person holds that position; or

(iii)

does not in the Registrar’s opinion, possess adequate qualifications or experience for that position.

Read in full context — Pawnbrokers Act 2015 →