Money-changing and Remittance Businesses Act(CHAPTER 187)
Table of Contents
Long Title
1 Short title
2 Interpretation
3 Scope of this Act
4 Authority responsible for administration of this Act
5 No person to carry on money-changing business without licence
6 No person to carry on remittance business without licence
7 Application for or renewal of money-changer’s licence
8 Application for or renewal of remittance licence
9 Criteria for granting, renewal or holding of remittance licence
10 Security
11 Place of business of licensee
12 Approval of partners or directors
12A Removal of partner, director or executive officer
13 Approval of substantial shareholdings
14 Display of licence
15 Licence fees
16 Period for which licence is in force
17 False statements
18 Lapsing, surrender, revocation, suspension and expiry of licence
19 Closure certificate
20 Appeals
21 Records
22 Information to be furnished by licensees
23 Power to enter premises, inspect and investigate
24 Liability of directors, partners, etc.
25 Service of order, etc.
26 Customers’ funds to be kept separately
27 Auditors
28 Jurisdiction of District Court
29 Composition of offences
30 Power of Authority to publish information
31 Exemptions
32 Regulations
33 Power of Authority to issue directions
Legislative History
Comparative Table