Regulatory Alerts2019-12-05
Added
Payment Services (Singapore Dollar Cheque Clearing System and Inter-bank Giro System) Regulations 2019
The Monetary Authority of Singapore issued the Payment Services (Singapore Dollar Cheque Clearing System and Inter-bank Giro System) Regulations 2019 to establish regulatory requirements for these specific payment systems. These regulations define the operational and compliance standards applicable to entities participating in the Singapore Dollar Cheque Clearing System and the Inter-bank Giro System. The rules aim to ensure the safety, efficiency, and integrity of inter-bank payment transactions within Singapore's financial infrastructure.
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