18. Validity period of international market agent representative licence
Feedback & supportAn international market agent representative licence shall be valid for such period as the Authority may specify in the licence (not being longer than 3 years), unless before that date the licence lapses under regulation 9(2) or paragraph (2) or is cancelled under section 110C of the Act or regulation 42.
An international market agent representative licence lapses when ––
the licensed international market agent representative ceases to be employed by the licensed international market agent to which he is licensed; or
the licence of the international market agent by which the licensed international market agent representative is employed expires, lapses under regulation 17(1)(b) or is cancelled.
[Deleted by S 632/2026 wef 21/09/2026]
[Deleted by S 632/2026 wef 21/09/2026]
Subregulation 1
An international market agent representative licence shall be valid for such period as the Authority may specify in the licence (not being longer than 3 years), unless before that date the licence lapses under regulation 9(2) or paragraph (2) or is cancelled under section 110C of the Act or regulation 42.
Subregulation 2
An international market agent representative licence lapses when ––
the licensed international market agent representative ceases to be employed by the licensed international market agent to which he is licensed; or
the licence of the international market agent by which the licensed international market agent representative is employed expires, lapses under regulation 17(1)(b) or is cancelled.
Subregulation 3
[Deleted by S 632/2026 wef 21/09/2026]
Subregulation 4
[Deleted by S 632/2026 wef 21/09/2026]