Regulation 1
Citation and commencement
This Order is the Debt Collection (Class Licence) Order 2023 and comes into operation on 1 December 2023.
/akn/sg/act/sub_leg/2022/DCA-S725-2023
Debt Collection (Class Licence) Order 2023
The full official text, structured for quick navigation. Copy any provision or jump straight to a section.
- Type
- Subsidiary Legislation
- Status
- In force
- Enacted
- 2022
- Sections
- 4
Quick answer
About this subsidiary legislation
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.
Regulation 2
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.
Regulation 3
Class licence for persons carrying on regulated businesses
Unless exempt under section 43 of the Act, a person who —
(a)
carries on a regulated business; and
(b)
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.
Regulation 4
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.
Common questions
- What is Debt Collection (Class Licence) Order 2023?
- 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.
- Is Debt Collection (Class Licence) Order 2023 still in force?
- Yes — Debt Collection (Class Licence) Order 2023 is currently in force.
- When did Debt Collection (Class Licence) Order 2023 take effect?
- Debt Collection (Class Licence) Order 2023 was first recorded in 2022.
- How many regulations does Debt Collection (Class Licence) Order 2023 have?
- Debt Collection (Class Licence) Order 2023 contains 4 regulations.
- Where can I read the official version of Debt Collection (Class Licence) Order 2023?
- The official text of Debt Collection (Class Licence) Order 2023 is published at sso.agc.gov.sg.