Singapore legislation
Regulation 44
of Insolvency, Restructuring and Dissolution (Saving and Transitional Provisions) Regulations 2020
Regulation 44
Saving and transitional provisions for amendment of Pawnbrokers Act 2015
Subregulation 1
Despite section 500(c) of the Act —
section 29(1)(d) of the Pawnbrokers Act 2015 (Act 2 of 2015) as in force immediately before 30 July 2020 continues to apply to or in relation to a licensee in respect of which an application has been made before that date for a judicial management order under section 227B(1) of the Companies Act; and
section 40(b) of the Pawnbrokers Act 2015 as in force immediately before 30 July 2020 continues to apply to or in relation to a licensee that —
goes into liquidation or is wound up pursuant to —
an order for winding up of a company made under section 216(2)(f) of the Companies Act before that date;
an application for winding up made under section 253 of the Companies Act before that date; or
a voluntary winding up that commenced within the meaning of section 291(6) of the Companies Act before that date; or
is otherwise dissolved under the Companies Act before that date.
Subregulation 2
Despite section 500(e) of the Act, section 29(1)(e) of the Pawnbrokers Act 2015 as in force immediately before 30 July 2020 continues to apply to or in relation to a licensee in respect of which an application was made to the court before that date for the licensee to be wound up or otherwise dissolved under the Companies Act.