Singapore legislation
Regulation 8
of Financial Services and Markets (Digital Token Service Providers) Regulations 2025
Regulation 8
Lapsing of licence
For the purposes of section 141(1)(c) of the Act, a licence lapses upon the occurrence of any of the following other events:
the licensee is licensed to carry on a business of providing one or more types of digital token service, and fails to carry on the business of providing that type or at least one of those types of digital token service —
within the period of 6 months (or any longer period that the Authority may allow) starting on the date of the grant of the licence; or
for a continuous period of 6 months (or any longer period that the Authority may allow);
the licensee —
has ceased to carry on the business of providing the type of digital token service or all of the types of digital token service authorised to be provided by the licence; and
either —
has not resumed carrying on the business of providing that type or any of those types of digital token service within the period of 6 months (or any longer period that the Authority may allow) starting on the date of the cessation of business; or
has resumed carrying on such business within the period mentioned in sub‑paragraph (A) but for less than a continuous period of 6 months (or any longer period that the Authority may allow) starting on the date of the resumption of business.