Singapore legislation
Clause 14
Clause 14
Registrar to grant or renew dealer’s licence in certain circumstances
The Registrar shall grant or renew a dealer’s licence or an investment adviser’s licence if —
(a)
after consideration —
(i)
where the applicant carries on business as a dealer and is a stockbroker — of the character and financial position of the applicant; or
(ii)
where the applicant carries on the business of a dealer as a corporation and is not a member company — of the character of the directors and the secretary of the corporation and of the corporation’s financial position; and
(b)
after consideration of the interests of the public,he is of the opinion that the applicant is a fit and proper person to hold the licence applied for.