Clause 4

The principal Act is hereby amended by inserting immediately after section 3 thereof the following new section: —“Use of words “finance company”3A. No person or body of persons, whether incorporated or not, other than a finance company licensed under this Act shall, without the consent of the Commissioner, use the words “finance company” or any of its derivatives in any language, or any other words indicating that it transacts financing business, in the name, description or title under which such person or body of persons is transacting business in Singapore or make or continue to make any representations to such effect in any bill-head, letter paper, notice, advertisement or in any other manner whatsoever:Provided that nothing in this section shall prohibit an association of finance companies formed for the protection of common interests from using the words “finance company” or any of its derivatives in any language as part of its name or description of its activities.”.