This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 August 2014, amend the Secondhand Dealers and Pawnbrokers Regulations 2005. The amendments effect changes to the fees payable for an application made under the Secondhand Dealers and Pawnbrokers Act 2004 (the Act) for a certificate.
The purpose of the amendments is to adjust the fees to reflect the cost of undertaking the required eligibility checks under sections 24 to 27 of the Act.
If at the same time as a company files an application for a licence a person concerned in the management of that company files an application for a certificate, then in context of the latter application no eligibility check need be made in respect of the person. This is because eligibility checks in respect of that person will be undertaken in the context of the company’s licence application.
Accordingly, the fee payable for an application under section 21 of the Act for a certificate in such circumstance is reduced.
Date of notification in Gazette: 3 July 2014.
These regulations are administered by the Ministry of Justice.