Singapore legislation

Section 76

of Pawnbrokers Act 2015

Section 76

Record-keeping

(1)

A pawnbroker must keep all documents and information (including any analysis performed) relating to a person that the pawnbroker obtained as a result of performing the measures specified in the Third Schedule, for a period of 5 years after the latest of the following dates (so far as they are applicable):

(a)

the date on which the person offered to pawn goods to the pawnbroker;

(b)

the date on which the person redeemed a pledge from the pawnbroker;

(c)

the date on which the pawnbroker forfeited a pledge made by the person;

(d)

the date on which the pawnbroker ended any transaction or relationship with the person;

(e)

the date of occurrence of any other prescribed matter relating to this Part.

(2)

A pawnbroker must keep the documents and information required to be kept under subsection (1) in the prescribed form.

(3)

A pawnbroker must make the documents and information required to be kept under subsection (1) available upon request to the Registrar and any other prescribed authority.

(4)

A pawnbroker that contravenes subsection (1), (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.

(5)

This section is in addition to the pawnbroker’s statutory duty under section 23.

Section 76 — Pawnbrokers Act 2015 | laws.sg