Clause 7
New section 9A
of Prevention of Proliferation Financing and Other Matters Bill
BillNot in forceProvision 6 of 35
Clause 7
In the PSPM Act, after section 9, insert —“Lapsing of registered dealer’s registration9A. The registration of a registered dealer lapses —
(a)
when the registered dealer (being an entity) is wound up or otherwise dissolved, whether in Singapore or elsewhere; or
(b)
when the registered dealer (being an individual who is a sole proprietor) dies.”.