Suggest a correction

Subregulation 7

Moneylenders (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2009

Match the official source exactly.

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

In this rule, “specified third party” means —(a)a bank in Singapore licensed under section 7 of the Banking Act 1970;(b)a merchant bank approved under section 55S of the Banking Act 1970;(c)a finance company licensed under section 6 of the Finance Companies Act 1967;(d)a financial adviser licensed under section 10 of the Financial Advisers Act 2001, except one which is licensed only in respect of the financial advisory service specified in paragraph 2 of the Second Schedule to that Act (namely, advising others by issuing or promulgating research analyses or research reports, whether in electronic, print or other form, concerning any investment product);(e)a holder of a capital markets services licence granted under section 86 of the Securities and Futures Act 2001;(f)[Deleted by S 635/2024 wef 01/08/2024](g)a person who is exempt from holding a financial adviser’s licence under section 20(1)(g) of the Financial Advisers Act 2001 read with regulation 27(1)(d) of the Financial Advisers Regulations (Rg 2), except one who is exempt only in respect of the financial advisory service specified in paragraph 2 of the Second Schedule to that Act (namely, advising others by issuing or promulgating research analyses or research reports, whether in electronic, print or other form, concerning any investment product); or(h)such other person as the Registrar may specify.

What's the problem? (required)

Source link (optional)

Describe the problem (and edit the text or pick an issue type) to submit.

Suggestions are submitted anonymously. No account or personal information is required or sent.