Clause 19
Exemptions
of Money-changing and Remittance Businesses Bill
BillNot in forceProvision 19 of 20
Clause 19
(1)
This Act shall not apply to any company which has a valid licence granted under the Banking Act (Cap. 182) authorising it to conduct banking business in Singapore.
(2)
The Authority may, by notification published in the Gazette, exempt any person or categories of persons from the provisions of this Act.