Singapore legislation

Regulation 2

Application for membership

Subregulation 1

Any person who desires to be an associate member shall apply in writing to the Board in such form as the Board may direct.

In considering any application by a person for appointment as an associate member, the Board may require to be satisfied as to —

(a)

the character of the applicant or, in the case of a company or firm, the character of the management of the company or firm;

(b)

the financial condition of the applicant;

(c)

the nature of the applicant’s business or undertaking;

(d)

the convenience and needs of customers to be served; and

(e)

the staff employed by the applicant for the purposes of his business.

The Board may approve the application or, without assigning any reason, refuse the application.