You will require this licence if you intend to work as a pawnbroker or secondhand dealer.
A pawnbroker can lend money on the security of pawned items or take items under a contract for sale where the seller has a right to buy back the goods.
A secondhand dealer can buy, sell or exchange secondhand goods, whether the goods are bought, sold or exchanged for yourself or on behalf of another person.
There are three categories or licences:
- second-hand dealers
- combined pawnbrokers and secondhand dealers.