2019-12-05

Added 2026-07-10

Payment Services (Composition of Offences) Regulations 2019

These Regulations were issued to establish the specific offences that are compoundable under the Payment Services Act. They apply to designated payment system operators, designated payment system settlement institutions, standard payment institutions, major payment institutions, and money-changing licensees. The document serves as the regulatory framework for determining which violations can be resolved through composition rather than prosecution.

Singapore

Monetary Authority of Singapore

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Regulations

Published Date: 05 December 2019

These Regulations set out the offences that are compoundable under the Payment Services Act.

Applies to:

Designated Payment System Operator

,

Designated Payment System Settlement Institution

,

Standard Payment Institution

,

Major Payment Institution

,

Money-changing Licensee

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Payment Services (Composition of Offences) Regulations 2019