Singapore legislation
Regulation 3
of Precious Stones and Precious Metals (Exempt Persons) Order 2019
Regulation 3
Exemption for financial institutions
Every financial institution that carries on a business of regulated dealing, or business as an intermediary for regulated dealing, in Singapore is exempt from —
(a)
Part 2 of the Act; and
(b)
sections 16, 17(3), 18, 19, 20 and 21 of the Act.