10.—(1) In the Pawnbrokers Act 2015 —(a) | in section 2(1), in the definition of “identification information”, in paragraph (a), replace sub‑paragraph (v) with —“(v) | if the individual is not a citizen or permanent resident of Singapore, the individual’s foreign identification number or foreign passport number; and”; |
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| (b) | in section 7(2)(b), replace “the prescribed fee” with “a non‑refundable application fee of a prescribed amount”; | (c) | in section 9(3)(b), replace “the prescribed fee” with “a non‑refundable application fee of a prescribed amount”; | (d) | after section 9, insert —9A.—(1) An applicant for the grant or renewal of a licence must pay the prescribed licence fee to the Registrar before the licence is granted or renewed.(2) Different licence fees may be prescribed in respect of different classes of licences. |
(3) The licence fee is not refundable if —(a) | the licence is revoked or suspended; or | (b) | the licensee ceases to carry on the business of pawnbroking before the licence expires. |
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(4) Despite subsection (3), the Registrar may, in any particular case that the Registrar considers appropriate, refund or remit the whole or any part of the licence fee paid or payable under this Act.”; |
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| (e) | in section 10(3)(a), replace “fee for the grant or renewal (as the case may be) of the licence” with “licence fee”; | (f) | in section 10(3), replace paragraph (e) with —“(e) | a substantial shareholder of the applicant —(i) | is a disqualified person; | (ii) | is, in the Registrar’s opinion, not of good character; | (iii) | is, in the Registrar’s opinion, not a fit and proper person to have a substantial shareholding in the applicant’s business of pawnbroking; or | (iv) | has carried on the business of pawnbroking in Singapore or elsewhere in a way that, in the Registrar’s opinion, makes the applicant unfit to hold a licence;”; |
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| (g) | in section 12, replace subsection (2) with —“(2) In relation to subsection (1), the Registrar may —(a) | on application by a licensee, approve a person to become a substantial shareholder of the licensee by an increase of the person’s shareholding; | (b) | on application by a licensee, approve an increase of a person’s substantial shareholding in the licensee; or | (c) | subject to section 16, direct a substantial shareholder to reduce its shareholding in a licensee.”; |
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| (h) | in section 13, replace paragraphs (a) and (b) with —“(a) | the relevant person is a disqualified person; | (b) | the relevant person is, in the Registrar’s opinion, not of good character; | (c) | the relevant person is, in the Registrar’s opinion, not a fit and proper person to have a substantial shareholding in the applicant’s business of pawnbroking; | (d) | the relevant person has carried on the business of pawnbroking in Singapore or elsewhere in a way that, in the Registrar’s opinion, makes the person unfit to hold a licence.”; |
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| (i) | in section 38(2), replace paragraph (b) with —“(b) | the date on which the decision takes effect unless the licensee makes representations under subsection (4).”; |
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| (j) | in section 38, replace subsection (5) with —“(5) The Registrar must, before making a final decision, consider any representation made by the licensee under subsection (4).”; |
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| (k) | in section 38(6), replace “, on or after the date in subsection (2)(b),” with “, if representations were made under subsection (4),”; | (l) | in section 38(7), replace “In the case of a decision to suspend or revoke a licence, the” with “The”; | (m) | replace section 39 with —39.—(1) A person aggrieved by the Registrar’s decision under section 36 or 37 may appeal to the Minister not later than 14 days after the day on which —(a) | the Registrar’s decision is to take effect under section 38(2)(b); or | (b) | the written notice under section 38(6) is given to the licensee. |
(2) The decision appealed against under subsection (1) does not take effect unless it is confirmed by the Minister or the appeal is for any reason dismissed by the Minister or is withdrawn.”; |
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| (n) | in section 41(1)(b), delete “or” at the end; | (o) | in section 41(1), replace paragraph (c) with —“(c) | where a licensee —(i) | has been given written notice under section 38(2) of the Registrar’s intention to revoke the licence under section 36(2)(b); and | (ii) | has not made representations before the date specified in that written notice, |
even if the licensee has appealed against the Registrar’s decision; or |
| (d) | where —(i) | the licensee has made representations; and | (ii) | the Registrar has, under section 38(6), notified the licensee of the Registrar’s final decision to revoke the licence under section 36(2)(b), |
even if the licensee has appealed against the Registrar’s decision.”; |
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| (p) | in section 43(4)(c), replace “the prescribed fee” with “a non‑refundable application fee of a prescribed amount”; | (q) | in section 83(1)(f), after “including”, insert “application fees and”; | (r) | in the Second Schedule, in paragraph 4, after “fee of”, insert “up to”; and | (s) | in the Second Schedule, in paragraph 4(b), delete “for the fee”. |
(2) Section 10(3)(e) of the Pawnbrokers Act 2015 (as amended by subsection (1)(f)) only applies in relation to an application for a grant or renewal of a licence, that is made on or after the date of commencement of subsection (1)(f). |
(3) Section 13 of the Pawnbrokers Act 2015 (as amended by subsection (1)(h)) only applies in relation to an application for a person to become a substantial shareholder of a licensee or to increase the person’s substantial shareholding in a licensee, that is made on or after the date of commencement of subsection (1)(h). |
(4) Sections 38, 39 and 41 of the Pawnbrokers Act 2015 (as amended by subsection (1)(i) to (o)) only apply to decisions in respect of which a written notice of the Registrar’s intention to make a decision, under section 38(2) of the Pawnbrokers Act 2015, is given on or after the date of commencement of subsection (1)(i) to (o). |
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