MAS Expands Scope of Regulated Payment Services

MAS introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services ...

Expanded scope of the Payment Services Act 2019

The expanded scope of regulated activities and increased regulatory requirements under the Payment Services Act 2019 (PS Act) have commenced on 4 April 2024.

MAS expands scope of regulated payment services, amends ...

MAS expands scope of regulated payment services, amends ongoing compliance requirements, and introduces user protection requirements for DPT ...

Expanding the territorial scope of Singapore digital asset regulation

The DTSP framework was first proposed by the MAS in a July 2020 consultation paper, and the foundational provisions for the licensing and ...

The expanded scope of regulated payment services takes effect ...

The PS(A)A expands the scope of regulated payment services under the ... MAS”) powers under the PS Act to allow it to impose user ...

Singapore financial regulator introduces expansion of regulated ...

On 2 April 2024, the Monetary Authority of Singapore (“MAS”) introduced amendments to the Payment Services Act (“PSA”) and its subsidiary ...

Singapore Payment Services Act Amendments Aim to Expand ...

Generally, these amendments seek to (1) expand the scope of payment services regulated by MAS which will take effect from 4 April 2024 and (2) ...

Monetary Authority of Singapore expands guidance for Payment ...

The Explanatory Brief published by MAS provides that the PSA is intended to streamline payment services regulation by combining the Payment ...

MAS expands scope of regulated payment services - TNGlobal

The Monetary Authority of Singapore (MAS) has on Tuesday introduced amendments to the Payment Services Act (PS Act) and its subsidiary ...

Monetary Authority of Singapore (MAS) on LinkedIn

MAS today introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services ...

Singapore: Implemented MAS amendments to Payment Services ...

The amendments expand the scope of payment services regulated by MAS to include digital payment token (DPT) service providers. In particular, amended ...

Singapore: MAS to amend Payment Services Act to adopt enhanced ...

The proposed amendments will widen the scope of regulated digital payment token and cross-border money transfer services and activities, and expand MAS powers ...

Singapore Regulation 2024: MAS Anti-Money Laundering Updates

The PSA amendments expand the scope of MAS' regulation of payment services, allowing MAS to impose requirements relating to AML and CFT, along ...

Amendments to Singapore's Payment Services Act - ASEAN Briefing

The amendment expands the scope of activities regulated in the Payment Services Act. Safeguarding customers' assets within Digital Payment ...

Knowledge & Insights - Latest Updates to the Regulatory Regime ...

First off, the MAS has announced that the amendments to the Payment Services Act 2019 (“PSA”) that were passed in 2021 will come into force in stages, starting ...

Payments firms given month deadline after change in scope

The MAS has extended the scope of payment services, with affected ... The amendments mean the following 'new' activities are regulated under the ...

MAS on X: "MAS introduced amendments to the Payment Services ...

MAS introduced amendments to the Payment Services Act and its subsidiary legislation to expand the scope of payment services regulated by MAS.

Payment Services Act 2019 amendments: Wei Yun Teo | Linus C ...

The Monetary Authority of Singapore (MAS) announced expansions, through amendments,to the scope of to the country's Payment Services Act to ...

Monetary Authority of Singapore Proposes Legislative Amendments ...

On May 8, 2023, the Monetary Authority of Singapore (MAS) issued the Consultation Paper on Proposed Amendments to Payment Services Regulations ...

Payment Services in Singapore - Deloitte

The Payment Services Amendment Act, which was passed on 4 January 2021 and takes effect in stages from 4 April 2024, expand the scope of regulated payment ...