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.
Notices
Last Revised Date: 02 April 2024
This Notice sets out the requirements for licensed and exempted payment services providers to provide certain disclosures to customers and potential customers.
Applies to:
Standard Payment Institution
,
Major Payment Institution
,
Money-changing Licensee
View Notice
PSN08 Notice on Disclosures and Communications
(274.5 KB)
2 April 2024 Notice PSN08 (Amendment) 2024 (275.9 KB) takes effect
7 April 2022 Notice PSN08 (Amendment) 2022 (284.6 KB) takes effect