Singapore legislation

Clause 7

Approved persons

(1)

The Minister may make regulations to approve a person as an approved person for the purposes of the Scheme and for purposes connected therewith.

(2)

Without prejudice to the generality of subsection (1), such regulations may —

(a)

prescribe the manner in which applications for approval as an approved person may be made;

(b)

require any refund of payment made for any service which has not been provided by an approved person to be credited into the bank account of the member;

(c)

require the approved person to execute a security bond as a pre-condition for such approval;

(d)

specify such other terms and conditions subject to which the approval of the Minister is granted; and

(e)

empower the Minister to revoke the approval granted to an approved person and prescribe the circumstances in which such power is to be exercised.

Read in full context — Children Development Co-Savings Bill →