Singapore legislation
Regulation 41
Regulation 41
Changes affecting licence
Subregulation 1
Every licensee must notify the Authority of —
any change or proposed change to any particulars furnished by the licensee to the Authority in relation to the application for the licensee’s licence; and
any change or proposed change that significantly affects the activities of the licensee that are authorised by that licence.
Subregulation 2
A notice under paragraph (1) must —
be made in such form and manner as the Authority may require;
be submitted within such time as the Authority may specify in the conditions of the licence;
be accompanied by such particulars, information, documents and samples as the Authority may require;
be accompanied by the relevant fee; and
if required by the Authority, be accompanied by a statutory declaration by the licensee verifying any information contained in or relating to the notice.
Subregulation 3
A licensee must not, without the prior approval of the Authority, make any change that significantly affects the activities of the licensee that are authorised by the licensee’s licence.
Subregulation 4
An application for the Authority’s approval under paragraph (3) must be made in the form and manner specified on the Authority’s website.
Subregulation 5
For the purposes of paragraphs (1) and (3), a change that significantly affects the activities of a licensee that are authorised by the licensee’s licence includes a change of one or more of the following:
the premises where the licensee operates;
the facilities and equipment used by the licensee;
the operations and processes carried out by the licensee;
the responsible person mentioned in regulation 39.
Subregulation 6
A licensee who fails to comply with paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 6 months or to both.
Subregulation 7
A licensee who —
in compliance or purported compliance with paragraph (1), furnishes the Authority with any notice under paragraph (1) which the licensee knows is false or misleading; or
fails to comply with paragraph (3),shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 12 months or to both.