2024-04-02

Added 2026-07-10

Payment Services (Amendment) Act 2021 (Saving and Transitional Provisions) Regulations 2024

The regulator issued the Payment Services (Amendment) Act 2021 (Saving and Transitional Provisions) Regulations 2024 to establish exemptions applicable during specific transitional periods following the commencement of the Payment Services Act. These regulations specifically apply to Standard Payment Institutions and Major Payment Institutions, allowing them to operate under defined transitional arrangements. The document serves to clarify the regulatory framework and obligations for these entities during the transition from the previous regime to the new Act.

Singapore

Monetary Authority of Singapore

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Regulations

Published Date: 02 April 2024

These Regulations set out exemptions that are applicable during certain transitional periods from the commencement of the Payment Services Act.

Applies to:

Standard Payment Institution

,

Major Payment Institution

View Document

Payment Services (Amendment) Act 2021 (Saving and Transitional Provisions) Regulations 2024