Regulatory Alerts2024-04-02
Added · Updated
PSN04 Notice on Submission of Regulatory Returns
Licensees under the Payment Services Act must submit regulatory returns using specified forms for monthly, half-yearly, and annual periods based on the payment services provided. Submissions must be made electronically via MASNET within 30 days after the end of each reporting period, with monetary amounts reported in Singapore dollars and calculated according to defined exchange rate and fee deduction rules. The notice applies to all licensees, with specific transitional exemptions for former money-changer, remittance, and WASVF holders during 2020, and mandates compliance with the amended version effective 1 January 2025.
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