Singapore legislation
Regulation 3
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.