Renewal

Renewal
Renewal of Registration Renewal Application Process Fees, Registering your Place(s) of Business and Period of Registration Information Needed I Need Help with Renewal

Renewal of Registration

It is an offence if you act or hold out to be a regulated dealer without being registered or exempted.

If your registration period is expiring in the next 2 months, and you intend to continue your business as a regulated dealer, you should renew your registration as soon as possible. It may take around 4 weeks for the Registrar to process an application for renewal before granting the renewal. It may take longer if additional information is required. If your renewal is not approved before the expiration of your registration, your registration will lapse and you are not allowed to continue your business of regulated dealing.

Note: In your renewal application, your particulars will be auto-populated in the renewal application form. You should ensure that these are updated with the Accounting and Corporate Regulatory Authority (“ACRA”). We encourage you to submit your renewal application as soon as possible.

Fees, Registering your Place(s) of Business and Period of Registration

With effect from 10 April 2021, registered dealers will not be charged an application fee for registration renewal. The cost of processing renewal applications will be incorporated into the registration fees.

If the Registrar provides in-principle approval for your renewal application, regulated dealers must pay a registration fee based on the registration tier and the number of outlets operated:

Registration Tier Available Registration Condition Imposed Registration Fees Duration
Class A The registration is subject to a condition that the net price of every precious stone, precious metal, precious product or asset-backed token that is or is to be sold by the registered dealer be less than S$2,000 a piece. S$250 per outlet annually To be renewed annually
Class B The registered dealer is allowed to sell precious stones, precious metals, precious products or asset-backed tokens of any value. S$350 per outlet annually To be renewed annually

Illustration:
Regulated dealer “ABC Pte Ltd” has two places of business:

  1. One flagship jewellery outlet in Marina Bay Sands; and
  2. One jewellery outlet in Bugis.

ABC Pte Ltd applies for a renewal of its Class B Certificate of Registration.

ABC Pte Ltd must pay a total of S$700:

Type of Fee Working
Registration fee for Class B: S$350
2 places of business x 2
S$700
Grand Total: S$700

Renewal Application Process

You may submit your application via the GoBusiness Licensing Portal. You may refer to the GoBusiness Licensing Guide for Regulated Dealers for a step-by-step guide to the renewal application process.

The Registrar of Regulated Dealers may impose additional conditions or waive existing conditions for registration, for the renewed registration period.

Information Needed

Important Notice

• If your registration has expired, you will not be allowed to submit your renewal application. You will be required to submit a new application to be a new registered dealer.
• Ensure that you have the Corppass and UEN of the business entity for whom the Registration Certificate will be renewed.
• You have updated your business particulars with the Accounting and Corporate Regulatory Authority ("ACRA") so that the updated information can be auto-populated in the application form.
• It may take around 4 weeks for the Registrar to process an application for renewal before granting the renewal. It may take longer if additional information is required. If your renewal is not approved before the expiration of your registration, your registration will lapse and you will have to submit a new registration application.
Entity Information Needed
Director
Partner
Manager
Company secretary
Substantial shareholder (if you represent a company)		 1. Name*
2. NRIC/ Passport/ FIN No.*
3. Citizenship or Country/ Region of Incorporation*
4. Date of birth
5. Declaration of
(a) Any investigations or convictions for offences related to fraud, dishonesty, money laundering or terrorism financing;
(b) Any bankruptcy, insolvency or liquidation;
(c) Any lawsuit the person was a party to; and
(d) Any breach of AML/CFT requirements

* Information is auto-populated for ACRA registered entities
Person holding an analogous position
involved in the management of the applicant		 1. Name
2. NRIC/ Passport/ FIN No.
3. Citizenship or Country/ Region of Incorporation
4. Date of birth
5. Declaration of
(a) Any investigations or convictions for offences related to fraud, dishonesty, money laundering or terrorism financing;
(b) Any bankruptcy, insolvency or liquidation;
(c) Any lawsuit the person was a party to; and
(d) Any breach of AML/CFT requirements
Outlet manager
Compliance officer 1. Name
2. NRIC/ Passport/ FIN No.
3. Citizenship or Country/ Region of Incorporation
4. Date of birth
5. Email address
6. Mobile number
Business Particulars Information Needed
Address 1. Registered address*
2. Operating address
3. Mailing address
4. Outlet address
5. Business telephone number
6. Business fax number
7. Business email address

* Information is auto-populated for ACRA registered entities
Products Type of precious stones, precious metals and precious products
Activities Wholesale, manufacturing, retail, etc.

Supporting documents to be attached to the application form:

• For applicants who have directors, partners, managers, company secretary, outlet managers, substantial shareholders who are foreign nationals, you should attach a copy of their foreign photo identification document such as passport.
• For applicants who have corporate shareholders, you should attach a copy of your shareholders’ registration information (including particulars of directors, partners, managers, company secretary, outlet managers, substantial shareholders).
• For applicants who have more than one layer of corporate shareholders, you should attach your organisation structure/ chart up till the individuals who own the group. For listed corporate shareholders, you do not have to provide the name of all your shareholders. You should still provide a list of those who hold more than 5% shares of the listed company.

I Need Help with Renewal

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