Recent PDPC Decisions Focus on the PDPA Protection Obligation

Recent cases of the Personal Data Protection Commission highlight that organisations must implement appropriate security measures to protect personal data in their possession or control, which are appropriate to the sensitive nature of such data. Adequate training and thorough testing are important components of these required security arrangements.

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MAS Consults on Payment Services Notices and Guidelines

The Monetary Authority of Singapore published a Consultation Paper on Payment Services Notices and Guidelines detailing the proposed notices and guidelines applicable to payment services providers under the Payment Services Act 2019 (PSA), including requirements relating to reporting, cyber security measures, conduct of business and public disclosure statements.

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MAS Consults on AML/CFT Notices for Payment Services Providers

The Monetary Authority of Singapore has concluded a public consultation on two proposed notices on anti-money laundering and countering the financing of terrorism (AML/CFT) that will apply to the providers of certain services to be regulated under the Payment Services Act 2019 (PSA). The notices are expected to take effect when the PSA becomes effective in early 2020.

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MAS Consults on Regulations for Payment Services Act 2019

The Monetary Authority of Singapore (MAS) released a consultation paper on proposed regulations of the Payment Services Act (PSA). Among others, the paper discusses the Payment Services Regulations which are intended to be the primary regulations governing licensees and other regulated persons under the PSA. It focuses on various licensing requirements and covers the requirements for designated payment system entities from certain PSA provisions.

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