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MAS updates the PS Act FAQs to reflect recent updates on regulated payment services and the stablecoin regulatory framework.

Payment Services Act FAQs Updated

Date
Apr 25, 2024
Author
OrionW
MAS updates the PS Act FAQs to reflect recent updates on regulated payment services and the stablecoin regulatory framework.
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MAS issues new customer protection guidelines for DPT services which will take effect from 4 October 2024.

MAS Issues Crypto Customer Protection Guidelines

Date
Apr 5, 2024
Author
OrionW
MAS issues new customer protection guidelines for DPT services which will take effect from 4 October 2024.
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The amended Payment Services Act, which expands the scope of regulated payment services, goes into effect on 4 April 2024.

Expanded Scope of Regulated Payment Services Takes Effect

Date
Apr 4, 2024
Author
OrionW
The amended Payment Services Act, which expands the scope of regulated payment services, goes into effect on 4 April 2024.
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Updated AML-CFT requirements for DPT service licensees take effect from 4 April 2024, requiring (a) due diligence measures for appointing agents and (b) a group AML-CFT policy that applies to branches and subsidiaries.

MAS Updates AML-CFT Requirements for DPT Service Licensees

Date
Apr 4, 2024
Author
OrionW
Updated AML-CFT requirements for DPT service licensees take effect from 4 April 2024, requiring (a) due diligence measures for appointing agents and (b) a group AML-CFT policy that applies to branches and subsidiaries.
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The Financial Institutions (Miscellaneous Amendments) Bill 2024 harmonises and strengthens MAS’s regulatory powers across various financial institutions.

FIMA Bill to Enhance MAS Regulatory Powers Passed

Date
Mar 10, 2024
Author
OrionW
The Financial Institutions (Miscellaneous Amendments) Bill 2024 harmonises and strengthens MAS’s regulatory powers across various financial institutions.
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The Monetary Authority of Singapore released a further response to the public consultation on Proposed Regulatory Measures for Digital Payment Token services, comprising consumer access and business conduct measures and technology and cyber

MAS Releases Further Response to Feedback on Proposed Regulatory Measures for Digital Payment Token Services

Date
Nov 27, 2023
Author
OrionW
The Monetary Authority of Singapore released a further response to the public consultation on Proposed Regulatory Measures for Digital Payment Token services, comprising consumer access and business conduct measures and technology and cyber
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OrionW is a boutique law firm specialising in Singapore and cross-border corporate, commercial and regulatory matters, with a focus on technology, media and telecommunications (TMT) and financial technology (FinTech). We are dedicated to providing excellent legal service to clients at the leading edge of their markets.
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OrionW LLC (UEN 201505714C) is a Singapore law practice incorporated with limited liability.