Debt Collection Act 2022 · Updated to 1 Dec 2023 · Part 2 · Regulation of Debt Collection Businesses and Debt Collection Activities Relating to Regulated Businesses
8. Grant or renewal of licence
Official textFrom Singapore Statutes Online, unchanged
After considering an application for or to renew a licence, the Licensing Officer may —
on payment of a licence fee or renewal fee (if prescribed), grant or renew the licence, as the case may be; or
refuse (without compensation) to grant or renew the licence, as the case may be.
The Licensing Officer must not grant or renew a licence if the Licensing Officer is satisfied that —
Licensing Officer
“Licensing Officer” means the public officer appointed under section 3(1)(a);
the applicant is not a fit and proper person to hold a licence; or
a key appointment holder of the applicant is not a fit and proper person to act in that capacity.
In determining whether —
an applicant is a fit and proper person to hold a licence; or
a key appointment holder of an applicant is a fit and proper person to act in that capacity,the Licensing Officer may have regard to, and give any weight that the Licensing Officer considers appropriate to, any criteria and requirements that are prescribed.
To avoid doubt, the Licensing Officer is not confined to consideration of the criteria and requirements prescribed under subsection (3), and may take into account any other matter or evidence that may be relevant.
Terms defined in s 2
key appointment holder
Defined · s 2“key appointment holder”, in relation to an entity, means any of the following persons:(a)where the entity is a corporation —(i)a member of the board of directors or committee or board of trustees or other governing board of the corporation; or(ii)an individual for the time being holding the office of chairperson or chief executive officer of the corporation;(b)where the entity is a sole proprietorship — the sole proprietor;(c)where the entity is a partnership or limited partnership — a partner of the partnership or limited partnership, as the case may be;(d)where the entity is a limited liability partnership — a partner or manager of the limited liability partnership;(e)any person, other than a person mentioned in paragraph (a), (b), (c) or (d), by whatever name called, who is principally responsible for the management and conduct of the entity’s business activities;
Licensing Officer
Defined · s 2“Licensing Officer” means the public officer appointed under section 3(1)(a);
Part 3
Debt Collectors
Part 4
Administration and Enforcement
Part 5
Appeals
Part 6