In force1999 Revised EditionCurrent version · 1999 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Money-Changing and Remittance Businesses Act · 1999 Revised Edition
Official textFrom Attorney General's Chambers, unchanged
Any person who desires to obtain a licence shall make an application to the Authority in such form as the
Authority may require.
Upon receiving an application under subsection
, the Authority shall consider the application and may grant a licence with or without conditions or refuse to grant a licence without assigning any reason therefor.
In, considering any application by a person for a licence the Authority may require to be satisfied as to -
Money-Changing and Remittance Businesses
CAP. 174 5
the good character of the applicant or, if the applicant is a company, the general character of the management of the company;
the financial condition of the applicant; and
whether the public interest will be served by the granting of the licence.
The Authority may at any time vary or revoke any of the existing conditions of a licence or impose new conditions.