Regulation 1
Citation and commencement
This Order is the Debt Collection (Class Licence) Order 2023 and comes into operation on 1 December 2023.
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Debt Collection (Class Licence) Order 2023 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation DCA-S725-2023 2022, currently marked in force and first recorded in 2022.
Citation and commencement
This Order is the Debt Collection (Class Licence) Order 2023 and comes into operation on 1 December 2023.
Definition
In this Order, “class licensee” means a person to whom a class licence by virtue of this Order applies, but does not include the person for the time the class licence is suspended or disapplied under the Act.
Class licence for persons carrying on regulated businesses
Unless exempt under section 43 of the Act, a person who —
carries on a regulated business; and
on or after 1 December 2023, carries out any debt collection activity to collect any debt that is owed to the person in the course of the regulated business,is authorised by a class licence in connection with the carrying out of the debt collection activity.
Conditions of class licence
For the purposes of section 14(1)(b) of the Act, the conditions of the class licence are specified in the Schedule.
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