7. Restriction on grant of licence

No person shall be granted a Dealer’s Individual Licence or be deemed to have been granted a Dealer’s Class Licence unless that person is —

a citizen of Singapore;

a company incorporated under the Companies Act 1967;

a limited liability partnership registered under the Limited Liability Partnerships Act 2005;

a person who carries on a business registered under the Business Names Registration Act 2014; or

such other person as the Authority may, in its discretion, consider appropriate to hold such licence.