Clause 2

securities or derivatives contracts within the meanings of the Securities and Futures Act (Cap. 289); and

commodity contracts within the meaning of the Commodity Trading Act (Cap. 48A);“Assistant Registrar” means an Assistant Registrar of Regulated Dealers appointed under section 4(1);“authorised officer” means an authorised officer appointed under section 4(2);“cash transaction report” means a cash transaction report under section 17;“company” has the meaning given by section 4(1) of the Companies Act (Cap. 50);“customer” means a person with whom a regulated dealer enters into or intends to enter into a transaction;“Deputy Registrar” means a Deputy Registrar of Regulated Dealers appointed under section 4(1);“FATF” means the intergovernmental body known as the Financial Action Task Force;“FATF Recommendations” means the recommendations issued by the FATF from time to time relating to the prevention of money laundering and the financing of terrorism;“financial institution” has the meaning given by section 27A(6) of the Monetary Authority of Singapore Act (Cap. 186) read with section 27A(7) of that Act;“intermediary”, in relation to regulated dealing, means a broker, an auctioneer, an exchange or any provider of a trading or clearing facility, for regulated dealing, whether by electronic means or otherwise;“money laundering or terrorism financing offence” means an offence under —

Part 2, 3 or 5;

sections 43 to 48 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap. 65A);

the Terrorism (Suppression of Financing) Act (Cap. 325);

any regulations made under the United Nations Act (Cap. 339);

any provision of any other written law relating to the prevention of money laundering or terrorism financing; or

the law of any foreign country or territory relating to the prevention of money laundering or terrorism financing;“pawnbroker” and “pawnbroking” have the meanings given by section 3 of the Pawnbrokers Act 2015 (Act 2 of 2015);“precious metal” means any precious metal specified in Part 1 of the Schedule in a manufactured or unmanufactured state;“precious product” means any jewellery, watch, apparel, accessory, ornament or other finished product —

made up of, containing or having attached to it, any precious stone or precious metal or both; and

at least 50% of its value (or other percentage of value prescribed in substitution) is attributable to the precious stone or precious metal or both, but excludes any product or class of products of a type prescribed;“precious stone” means any precious stone specified in Part 2 of the Schedule;“registered dealer” means a regulated dealer who is registered under section 7;“Registrar” means the Registrar of Regulated Dealers appointed under section 4(1);“registration” means registration under section 7;“regulated dealer” means any person who carries on —

a business of regulated dealing; or

business as an intermediary for regulated dealing,but excludes a pawnbroker and such other person as may be prescribed;“regulated dealing” means doing any of the following:

manufacturing any precious stone, precious metal or precious product; (b)importing or possessing for sale any precious stone, precious metal or precious product; (c)selling or offering for sale any precious stone, precious metal or precious product;

selling or redeeming asset‑backed tokens;

purchasing any precious stone, precious metal or precious product for the purposes of resale;“sale” includes a supply under a conditional sale agreement or hire‑purchase agreement within the meanings given by section 2(1) of the Hire‑Purchase Act (Cap. 125), and “selling” is construed accordingly;“secondhand goods dealer” means a secondhand goods dealer within the meaning given by the Secondhand Goods Dealers Act (Cap. 288A);“substantial shareholder”, in relation to a company, has the meaning given by section 81 of the Companies Act;“Suspicious Transaction Reporting Officer” has the meaning given by section 2(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act.