MONEYLENDERS
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- (l) to prescribe the fees to be paid in respect of any matter required for the purposes of this Act and the refund and remission, whether wholly or in part, of such fees; and
- (m) to prescribe all matters and things which by this Act are required or permitted to be prescribed or which are necessary or expedient to be prescribed to give effect to this Act.
(3) Rules made under this section may—
- (a) relate to any moneylender, whether he is a licensee or he is exempted from any or all of the provisions of this Act;
- (b) relate to all or any class or description of moneylenders; and
- (c) make different provisions for different classes or descriptions of moneylenders.
(4) Rules made under this section may provide that a contravention of any specified provision thereof shall be an offence, and—
- (a) in respect of the rules referred to in subsection (2)(i) or (j), may provide for penalties not exceeding a fine of $100,000; and
- (b) in respect of any other rules, may provide—
- (i) in a case where the offender is an individual, for penalties not exceeding a fine of $20,000 or imprisonment for a term not exceeding 12 months or both for each offence; or
- (ii) in any other case, for penalties not exceeding a fine of $50,000 for each offence.
Consequential amendments to other written laws
38.—(1) Part II of the Second Schedule to the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Cap. 65A) is amended—
- (a) by deleting the words “Moneylenders Act (Cap. 188)” immediately above item 183 and substituting the words “Moneylenders Act 2008”; and
