Singapore legislation
Section 6
Section 6
No pawnbroking without licence, etc.
(1)
Subject to subsection (2), it shall be an offence for a person to carry on the business of pawnbroking in Singapore or to hold out that the person is carrying on that business.
(2)
A person may carry on the business of pawnbroking, and hold out that the person is carrying on that business, only in accordance with —
a licence granted under this Act;
the Registrar’s directions under section 41;
a waiver certificate under section 43; or
a class waiver under section 46.
(3)
A person guilty of an offence under subsection (1) shall be liable on conviction —
if the person has no previous qualifying conviction, to a fine not exceeding $50,000; and
if the person has any previous qualifying conviction, to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 12 months or to both.
(4)
In subsection (3), “qualifying conviction” means a conviction for an offence under subsection (1) or under section 8(5) of the repealed Act.