S.L. 441.7 Art. 48Obligation licensing of dealers.

Without prejudice to regulation 9 and to any other licence or authorization needed under any other law, no person shall carry on the business of a dealer in precious metals and stones after 1st January 2021 unless he is the holder of a licence issued under these regulations: Provided that any person who was registered with the VAT department up to and including 1st January, 2021 as performing any of the operations listed under the definition of dealer in precious metals and stones under these regulations:

(a) may continue to do so until said date without the need of a trading licence;

(b) shall be deemed to have been issued a licence as from 1st January 2021 unless that person had informed the Trade Licensing Unit that he is not willing to be so deemed and that he will not be continuing operating as a dealer;

(c) shall be deemed to have given consent to have a licence number, the name of the licence holder and the nature of the commercial activity published as per regulation 12;

(d) shall be bound by the conditions of these regulations st as from 1 January 2021.