Singapore legislation

Clause 19

of Money-changing and Remittance Businesses Bill

Clause 19

Exemptions

(1)

This Act shall not apply to any company which has a valid licence granted under the Banking Act (Cap. 182) authorising it to conduct banking business in Singapore.

(2)

The Authority may, by notification published in the Gazette, exempt any person or categories of persons from the provisions of this Act.

Read in full context — Money-changing and Remittance Businesses Bill →