Restriction on grant of licence
9.  No person shall be granted a Dealer’s Individual Licence and no person shall be deemed to have been granted a Dealer’s Class Licence except —
(a)a person who is a citizen of Singapore;
(b)a company incorporated under the Companies Act [Cap. 50];
(c)a business registered under the Business Registration Act [Cap. 32]; or
(d)such other person as the Authority may, in its discretion, think fit.