Money-changing and Remittance Businesses Act
(Chapter 187, Section 31(2))
Money-changing and Remittance Businesses (Exemption from Sections 12 and 13) Notification
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G.N. No. S 688/2005

REVISED EDITION 2008
(31st January 2008)
[2nd November 2005]
Citation
1.  This Notification may be cited as the Money-changing and Remittance Businesses (Exemption from sections 12 and 13) Notification.
Exemption
2.—(1)  The Authority hereby exempts, from sections 12 and 13 of the Act, any holder of a money-changer’s licence whose carrying on of money-changing business is solely incidental to his business of keeping or managing a hotel.
(2)  In this paragraph, “hotel” means any premises registered as a hotel under section 5 of the Hotels Act (Cap. 127).
[G.N. No. S 688/2005]