Regulatory Alerts2024-04-02
Added
PSN08 Notice on Disclosures and Communications
The Monetary Authority of Singapore issued Notice PSN08 to establish disclosure and communication requirements for licensed and exempted payment services providers. The regulation mandates that Standard Payment Institutions, Major Payment Institutions, and Money-changing Licensees provide specific information to current and potential customers. Recent amendments to this notice took effect in April 2022 and April 2024 to update these compliance standards.
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