Key Supervisory and Regulatory Initiatives

NEW REGULATIONS

Introducing the Payment Systems (Oversight) Bill
MAS released a consultation paper on the Payment Systems (Oversight) Bill in December 2004. The Bill provides for the oversight of payment systems and stored value facilities in Singapore. It focuses on payment systems that are important for the stability of the financial system and public confidence, and sets out MAS' new policy for stored value facilities. MAS has reviewed the feedback received and will incorporate relevant comments into the Bill.