Singapore legislation
Clause 8
Clause 8
Amendment of section 11
Section 11 of the principal Act is amended by deleting subsection (4) and substituting the following subsection:“(4) The Authority may refuse an application for the grant or renewal of a representative’s licence on any of the following grounds without giving the applicant an opportunity to be heard:
the applicant is an undischarged bankrupt, whether in Singapore or elsewhere;
a prohibition order under section 59 has been made by the Authority, and remains in force, against the applicant;
the applicant has been convicted, whether in Singapore or elsewhere, of an offence —
involving fraud or dishonesty or the conviction for which involved a finding that he had acted fraudulently or dishonestly; and (ii)punishable with imprisonment for a term of 3 months or more.”.