Singapore legislation
Regulation 2
Regulation 2
Particulars to be provided for applications
Subregulation 1
Before approving an application for the issue or renewal of a licence, the Registrar may require the applicant to produce such evidence as the Registrar may reasonably specify to determine if there exists any ground for refusing the application under section 8 of the Act.
Subregulation 2
Without limiting paragraph (1), the Registrar may require the applicant to produce —
particulars of the bank account of the applicant;
particulars of any director or substantial shareholder of the applicant;
particulars of any person who has taken part, is taking part or will be taking part (whether directly or indirectly), in the management of the applicant’s business of moneylending; and
particulars of any assistant employed or engaged, or who will be employed or engaged, by the applicant.
Subregulation 3
Without limiting paragraph (1), the Registrar may require any person who is or will be taking part (whether directly or indirectly) in the management of the applicant’s business of moneylending to take and pass a written test on the person’s knowledge and understanding of the requirements relating to the management of the business of moneylending which are imposed by or under the Act.
Subregulation 4
The test under paragraph (3) is to be conducted in such manner and on such date as the Registrar determines.
Subregulation 5
Before approving a place of business for moneylending under section 11 of the Act, the Registrar may require the applicant for the issue of a licence or the licensee (as the case may be) to produce such evidence as the Registrar may reasonably specify to determine if there exists any ground for not approving that place of business under section 11 of the Act.
Subregulation 6
Without limiting paragraph (5), the Registrar may require the applicant or licensee to produce particulars of the place and evidence of its ownership or occupation of the place.