Singapore legislation

Regulation 7

of Pawnbrokers Rules 2015

Regulation 7

Licensee to maintain paid-up share capital

For the purposes of section 20 of the Act, a licensee must maintain a paid‑up share capital of —

(a)

at least $2 million; and

(b)

if it has more than one licensed place of business (whether or not under the same licence), at least $1 million for each licensed place of business after the first.

Read in full context — Pawnbrokers Rules 2015 →