Requirements for money-changer's licensees to quote fair market exchange rates and provide a risk disclosure statement for delayed settlement.
This notice applies to all holders of a money-changer's licence.
It sets out requirements to:
- Quote fair market exchange rates to customers.
- Provide a risk disclosure statement for money-changing transactions that are not settled immediately.
- Display exchange rates prominently at places of business.
MAS Notice 3101 (Cancellation) 2020 (62.1 KB)