On 25/05/2013,
you requested for the version in force on 25/05/2013
incorporating all amendments published on or before 25/05/2013.
The closest version currently available is that of 18/04/2013.
9.
—(1) No remittance licence shall be granted to or renewed for any person, and no person shall continue to hold a remittance licence, unless the person —
(a)
is a company;
(b)
has a minimum capital of $100,000 or such other sum as may be prescribed by the Authority; and
(c)
has furnished and maintains with the Authority the security required under section 10.
[25/2005]
(2) Any person who holds a remittance licence in contravention of the minimum capital requirement in subsection (1)(b) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000.
[25/2005]
[7B