Singapore legislation

Regulation 7

of Payment Services Regulations 2019

Regulation 7

Prescribed class of persons under section 6(9)(c)(ii) of Act

Subregulation 1

For the purposes of section 6(9)(c)(ii) of the Act —

(a)

the prescribed condition is the applicant must have at all times at least one director who is a citizen or permanent resident of Singapore; and

(b)

the prescribed class of persons is a class constituted by persons each of whom has been issued an employment pass by the Controller of Work Passes under section 7(2) of the Employment of Foreign Manpower Act 1990.

Subregulation 2

In this regulation —

Definition

“Controller of Work Passes” means the Controller of Work Passes appointed under section 3 of the Employment of Foreign Manpower Act 1990;

Definition

“employment pass” means the employment pass mentioned in regulation 2(1)(c) of the Employment of Foreign Manpower (Work Passes) Regulations 2012.