s 83 Rules
83.—(1) The Minister may make rules —(a) prescribing the circumstances in which a licence must not be granted or renewed; (b) prescribing different classes of licences, the persons eligible to hold each class of licence, and the conditions applicable to each class of licence; (c) prescribing the records to be kept by a pawnbroker and the manner in which the records are to be kept; (d) prescribing the form of a pawn ticket to be issued by a pawnbroker and the particulars to be entered therein; (e) prescribing generally the manner in which, and the conditions under which, the business of pawnbroking is to be conducted; (f) prescribing the fees to be paid for the purposes of this Act, including application fees and licence fees;[Act 32 of 2024 wef 25/11/2024] (g) prescribing the procedure to be followed by an applicant for a licence; (h) to provide for the prevention of money laundering, terrorism financing and the financing of proliferation of weapons of mass destruction;[Act 6 of 2024 wef 01/05/2024] (ha) to provide for the reporting of transactions that may involve money laundering, terrorism financing or the financing of proliferation of weapons of mass destruction;[Act 6 of 2024 wef 01/05/2024] (i) prescribing the offences under this Act that may be compounded; (j) prescribing anything that is required or permitted to be prescribed under this Act; and (k) generally for carrying out the purposes of and giving effect to the provisions of this Act. (2) The rules made under this section may provide that any contravention of any provision of the rules shall be an offence punishable with a fine not exceeding $20,000 or with imprisonment for a term not exceeding 12 months or with both.