Consultant Paper on Proposed Payment Services Regulations

The Payment Services Bill was introduced and passed in Parliament on 19 November 2018 and 14 January 2019 respectively. At the commencement of the Payment Services Act 2019, the Payment Systems and the Money-Changing and Remittance Businesses Act will be repealed. Under the PS Act, the Monetary Authority of Singapore will regulate significant payment systems and the provision of payment services in Singapore.

This Roundtable will set out the practical implications of the MAS consultation paper. it will also seek to collate feedback, which will be distilled into a set of submissions to MAS.