Credit card and charge card licensees must apply for approval from MAS before opening a new place of business or changing the location of an existing place of business in Singapore. Licensees must notify MAS within 7 days of setting up a new place of business or relocating an existing place of business.

This notice also includes:

• The definition of a place of business.
• Restriction on credit card and charge card licensees from receiving credit card or charge card applications at temporary locations without prior approval from MAS.