Singapore legislation
Section 462
Section 462
Class licences
(1)
The Minister may, by regulations —
(a)
establish one or more class licences (whether for all CMOs or for different classes of CMOs);
(b)
prescribe, change, add to or revoke class licence conditions; and
(c)
end a class licence.
(2)
Without limiting subsection (1)(b), class licence conditions may relate to —
(a)
the rights that a CMO must grant to its members;
(b)
the collection and distribution of royalties or any other payment by the CMO;
(c)
the information that a CMO must provide to its members or the public;
(d)
the manner by which a CMO must resolve any disputes with its members; and
(e)
the governance of a CMO.