Precious Stones and Precious Metals (Exempt Persons) Order 2019

1. Citation

2. Definitions

3. Exemption for financial institutions

4. Exemption for foreign dealers [10 April 2019] #### Citation

1. This Order is the Precious Stones and Precious Metals (Exempt Persons) Order 2019. #### Definitions

2. In this Order — “foreign dealer” means a regulated dealer that — (a) is — (i) registered or incorporated outside Singapore, in the case of a body corporate or unincorporate; or Prepared and Published by THE LAW REVISION COMMISSION UNDER THE AUTHORITY OF THE REVISED EDITION OF THE LAWS ACT 1983 <!-- p. 1 furniture: [2025 Ed. p. 1 | 17.12.2025 --> (ii) habitually resident outside Singapore, in the case of an individual; and (b) does not have a permanent establishment, a place of management or a branch in Singapore at which the regulated dealer carries on the business of regulated dealing or business as an intermediary for regulated dealing. #### Exemption for financial institutions

3. Every financial institution that carries on a business of regulated dealing, or business as an intermediary for regulated dealing, in Singapore is exempt from — (a) Part 2 of the Act; and (b) sections 16, 17(3), 18, 19, 20 and 21 of the Act. #### Exemption for foreign dealers

4.—(1) A foreign dealer carrying on a business of regulated dealing, or business as an intermediary for regulated dealing, in Singapore on a transitory basis, is exempt from — (a) Part 2 of the Act; and (b) section 19 of the Act. (2) A foreign dealer carries on business in Singapore on a transitory basis if the foreign dealer carries on business in Singapore for not more than a total of 90 days in a year. <!-- p. 2 furniture: Precious Stones and Precious Metals | (Exempt Persons) | p. 2 2025 Ed.] Order 2019 -->