Pawnbrokers Rules 2015 · 2026 Revised Edition · Part 3 · Statutory Duties of Licensees
9. Licensee to verify identification information
Feedback & supportA licensee must take reasonable steps to verify the identification information for which the licensee is required to keep a record under rule 8(1)(b)(ii), (iii), (xii) and (xiii)(D).
A licensee which fails to comply with paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.
To avoid doubt, a licensee’s failure to comply with paragraph (1) does not amount to a failure to comply with the licensee’s statutory duty under section 23(1) of the Act.
Subregulation 1
A licensee must take reasonable steps to verify the identification information for which the licensee is required to keep a record under rule 8(1)(b)(ii), (iii), (xii) and (xiii)(D).
Subregulation 2
A licensee which fails to comply with paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000.
Subregulation 3
To avoid doubt, a licensee’s failure to comply with paragraph (1) does not amount to a failure to comply with the licensee’s statutory duty under section 23(1) of the Act.