Pawnbrokers Act 2015 · 2020 Revised Edition · Part 2 · Regulation of Pawnbrokers, Etc.
15. Grounds for declining to approve director or manager, etc.
Feedback & supportApproval under section 14(3) may, in particular, be refused or withdrawn if the relevant person —
is below 21 years of age;
is or becomes a disqualified person;
is, in the Registrar’s opinion, not of good character;
Registrar
“Registrar” means the Registrar of Pawnbrokers appointed under section 5, and includes any Deputy Registrar of Pawnbrokers or Assistant Registrar of Pawnbrokers exercising the functions of the Registrar;
is, in the Registrar’s opinion, not a fit and proper person to carry on or manage the licensee’s business of pawnbroking;
licensee
“licensee” means a person holding a licence, and includes a person whose licence is suspended;
has carried on the business of pawnbroking in Singapore or elsewhere in a way that, in the Registrar’s opinion, makes the licensee unfit to hold a licence; or
business of pawnbroking
“business of pawnbroking” means the business of lending money on the security of pledges;
in any case where the approval is for the person to be appointed or to act as a manager of the licensee —
manager
“manager”, in relation to a pawnbroker, means a person (including a director of the pawnbroker) responsible for managing the whole or any part of the pawnbroker’s business of pawnbroking;
is not ordinarily resident in Singapore;
will not be ordinarily resident in Singapore while the person holds that position; or
does not in the Registrar’s opinion, possess adequate qualifications or experience for that position.