Schedule 1
of Debt Collection (General) Regulations 2023
Schedule 1
FIRST SCHEDULERegulations 4 and 6Part 1prescribed criteria for applicant
1. Whether the applicant had previously been —
convicted of an offence under the Act;
convicted of an offence, whether in Singapore or elsewhere, involving dishonesty or the conviction for which involved a finding that the applicant had acted dishonestly;
convicted of an offence specified in the Second Schedule to the Act; or
ordered to be detained or placed under police supervision under Part 5 of the Criminal Law (Temporary Provisions) Act 1955 or subject to an order made under section 8 of the Internal Security Act 1960.
2. Whether the applicant has gone or is likely to go into compulsory or voluntary liquidation other than for the purposes of amalgamation or reconstruction.
3. Whether the applicant has made any assignment to, or composition with, its creditors or —
if a corporation — the applicant is deemed to be unable to pay its debts under section 125(2) of the Insolvency, Restructuring and Dissolution Act 2018; or
if a limited liability partnership — the applicant is deemed to be unable to pay its debts under paragraph 3(2) of the Fifth Schedule to the Limited Liability Partnerships Act 2005.
4. Where the applicant had previously been granted a licence, whether the applicant’s previous conduct and compliance history as a licensee has been satisfactory.
5. Whether the applicant had previously —
been refused the grant or renewal of a licence under the Act;
had any licence revoked or suspended under the Act;
had any class licence disapplied with respect to the applicant under the Act; or
been the subject of any other regulatory action under the Act.
6. Whether the applicant had previously been a key appointment holder of an entity which had (during the period when the applicant was a key appointment holder) —
been refused the grant or renewal of a licence under the Act;
had any licence revoked or suspended under the Act;
had any class licence disapplied with respect to the entity under the Act; or
been the subject of any other regulatory action under the Act.Part 2prescribed criteria for KEY APPOINTMENT HOLDER1. Whether the key appointment holder had previously been —
convicted of an offence under the Act;
convicted of an offence, whether in Singapore or elsewhere, involving dishonesty or the conviction for which involved a finding that the key appointment holder had acted dishonestly;
convicted of an offence specified in the Second Schedule to the Act; or
ordered to be detained or placed under police supervision under Part 5 of the Criminal Law (Temporary Provisions) Act 1955 or subject to an order made under section 8 of the Internal Security Act 1960.
2. Whether the key appointment holder is an undischarged bankrupt.
3. Where the key appointment holder had previously been granted a licence, whether the key appointment holder’s previous conduct and compliance history as a licensee has been satisfactory.
4. Whether the key appointment holder had previously —
been refused the grant or renewal of a licence under the Act;
had any licence revoked or suspended under the Act;
had any class licence disapplied with respect to the key appointment holder under the Act; or
been the subject of any other regulatory action under the Act.
5. Whether the key appointment holder had previously been a key appointment holder of an entity which had (during the period when the person was a key appointment holder) —
been refused the grant or renewal of a licence under the Act;
had any licence revoked or suspended under the Act;
had any class licence disapplied with respect to the entity under the Act; or
been the subject of any other regulatory action under the Act.Part 3prescribed criteria for individual to be debt collector
1. Whether the individual had previously been —
convicted of an offence under the Act;
convicted of an offence, whether in Singapore or elsewhere, involving dishonesty or the conviction for which involved a finding that the individual had acted dishonestly;
convicted of an offence specified in the Second Schedule to the Act; or
ordered to be detained or placed under police supervision under Part 5 of the Criminal Law (Temporary Provisions) Act 1955 or subject to an order made under section 8 of the Internal Security Act 1960.