Laws
Pawnbrokers Act 2015
Part 2
s 26

In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)

Contents

Pawnbrokers Act 2015

Find in this Act

1Preliminary

2Regulation of Pawnbrokers, Etc.

13 sections earlier

18Conditions of licence
19Licensee to comply with statutory duties
20Licensee to maintain paid-up share capital
21Carrying on of pawnbroking business and other businesses, etc.
22Licensee to display sign and rates, etc.
23Licensee to keep records of pawnbroking business and transactions
24Licensee to submit statement on pawnbroking business and transactions
25Licensee to conduct annual audit
26Licensee to maintain adequate insurance
27Licensee to maintain security deposit
28Licensee to inform Registrar if substantial shareholder, etc., becomes disqualified person
29Licensee to inform Registrar of proceedings, etc.
30Power to order production of information, document or thing
31Power to seize property, etc., in certain circumstances
32Power of court over seized property, etc.
33Registrar’s powers may be exercised by authorised persons
34Power to give directions
35Composition of offences
36Variation, suspension or revocation of licence
37Financial penalty and forfeiture of security deposit
38Registrar to give opportunity to make representations before taking action under section 36 or 37
39Appeal to Minister
40Lapsing of licence
41Registrar’s powers when licence lapses, expires or is revoked
42Validity of transactions not affected

5 sections later

3Rights and Obligations When Goods Are Pawned

4Offences

5Prevention of Money Laundering, Terrorism Financing and Financing of Proliferation of Weapons of Mass Destruction

6Miscellaneous

Schedules

Pawnbrokers Act 2015 · 2020 Revised Edition · Part 2 · Regulation of Pawnbrokers, Etc.

26. Licensee to maintain adequate insurance

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Official textFrom Singapore Statutes Online, unchanged

A licensee must maintain adequate and appropriate insurance, or any other forms of protection that the Registrar may approve in writing, against the damage, theft or loss of all pledges taken by it.

licensee

Defined · s 2

“licensee” means a person holding a licence, and includes a person whose licence is suspended;

Open s 2

Terms defined in s 2

licensee
Defined · s 2
“licensee” means a person holding a licence, and includes a person whose licence is suspended;
Open s 2
Registrar
Defined · s 2
“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;
Open s 2

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Read on from s 27

Part 3

Rights and Obligations When Goods Are Pawned

Read on from Part 3

Part 4

Offences

Read on from Part 4

Part 5

Prevention of Money Laundering, Terrorism Financing and Financing of Proliferation of Weapons of Mass Destruction

Read on from Part 5

Part 6

Miscellaneous

Read on from Part 6

Schedules

Read on from Schedules

Details

Pawnbrokers Act 2015 · s 26

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Where this comes from

Singapore Statutes Online · Pawnbrokers Act 2015, 2020 Revised Edition. Reader record updated on 7 Oct 2026.

Singapore legislation is Government copyright, used with the permission of the Attorney-General’s Chambers. Check Singapore Statutes Online for the latest version.

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