Singapore legislation
Regulation 11A
Regulation 11A
Suspension of approval as approved person
Subregulation 1
The Minister may, without prejudice to any other penalty prescribed under the Act or any other remedy the Government may have under the Act in respect of any breach of these Regulations or any terms and conditions of approval applicable to an approved person, suspend the approval of an approved person in respect of any approved institution for a period not exceeding 6 months if the Minister has reasonable grounds to suspect that —
the approved person has made any false or misleading statement or provided any document which the approved person knows to be false or misleading in the application under regulation 11(1);
the approved person has breached any provision of these Regulations or any terms and conditions of approval applicable to that person; or
the approved person is being investigated for, or charged with, an offence of criminal misappropriation, criminal breach of trust, cheating, theft or extortion or any other offence involving fraud or dishonesty (whether in Singapore or elsewhere).
Subregulation 2
The Minister may appoint another person as an approved person in respect of that approved institution during the period of suspension mentioned in paragraph (1) or (5)(a), subject to any terms and conditions that the Minister may impose.
Subregulation 3
The Minister must, before suspending the approval of an approved person under paragraph (1), give the approved person —
notice in writing of the Minister’s intention to do so; and
an opportunity to make written representations, within the time specified in the notice (being not less than 14 days after the date of the service of the notice mentioned in sub-paragraph (a)), as to why the approved person’s approval should not be suspended.
Subregulation 4
The Minister must —
notify the approved person, in writing, of the Minister’s decision under paragraph (1); and
specify, in the written notice in sub-paragraph (a), a date upon which the suspension is to take effect, being not less than 7 days after the date of the service of that notice.
Subregulation 5
If the Minister is satisfied that there is a good reason to do so, the Minister may —
extend the suspension period for any further period or periods, each not exceeding 6 months; or
lift the suspension before the period of suspension expires.
Subregulation 6
The Minister must, before extending the suspension period of an approved person under paragraph (5)(a), give the approved person —
notice in writing of the Minister’s intention to do so; and
an opportunity to make written representations, within the time specified in the notice (being not less than 14 days after the date of the service of the notice mentioned in sub-paragraph (a)), as to why the suspension period should not be extended.