Regulatory Alerts2019-12-05
Added
Payment Services (Saving and Transitional Provisions) Regulations 2019
The Monetary Authority of Singapore issued the Payment Services (Saving and Transitional Provisions) Regulations 2019 to establish saving and transitional arrangements for entities regulated under the Payment Services Act. These regulations apply to Standard Payment Institutions, Major Payment Institutions, and Money-changing Licensees to ensure continuity during the regulatory transition. The provisions facilitate the orderly transition of existing entities to the new regulatory framework established by the Act.