Regulatory Alerts2019-04-08
Added
Notice FNA-N01 Criteria of Rules of a Designated System
The Monetary Authority of Singapore issued this notice to establish the criteria for approving the rules of designated systems under the Payment and Settlement Systems (Finality and Netting) Act. The regulatory framework applies to designated payment system operators and settlement institutions to ensure compliance with statutory requirements. The document outlines the legal basis for these designations and references specific system orders, such as the Fast and Secure Transfers System.
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