Money-changing and Remittance Businesses (Licence Fees) Regulations

Status:

Revised Edition
published on 15 Jun 1998

1 Citation

Money-changing and
Remittance Businesses Act

(Chapter 187, Sections 9, 11 and 29)

Money-changing and Remittance Businesses
(Licence Fees) Regulations

Rg 1

G.N. No. S 170/1997

REVISED EDITION 1998

(15th June 1998)

[5th April 1997]

Citation

1. These Regulations may be cited as the Money-changing and Remittance Businesses (Licence Fees) Regulations.

Licence fees

2.—(1) The fees payable in respect of the following licences issued under the Act shall be as follows:

(a) Money-changer’s licence

$1,000 per annum.

(b) Remittance licence:

(i) Licence A

$600 per annum.

(ii) Licence B

$500 per annum.

(2) Where the holder of a money-changer’s licence has more than one place of business or branch in Singapore, an additional fee of $1,000 per annum shall be payable for the second or every subsequent place of business or branch.

(3) Where the holder of a remittance licence has more than one place of business or branch in Singapore, the following additional fee shall be payable for the second or every subsequent place of business or branch:

(a) Licence A

$600 per annum.

(b) Licence B

$500 per annum.

(4) Any fee under this regulation payable on a pro-rated basis shall be subject to a minimum of $100 per annum for each licence or additional place of business or branch.

[G.N. No. S 170/97]

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