Repealed regulations with the commencement of the Payment Services Act
With the commencement of the Payment Services Act on 28 January 2020, the following legislations, subsidiary legislations, notices, guidelines and forms are repealed:
Notices
- Notice PSOA-N01 Responsibilities of Approved Banks
- Notice PSOA-N02 to Holders of Stored Value Facilities on Prevention of Money Laundering and Countering the Financing of Terrorism
- Notice PSOA-N03 Reporting of Suspicious Activities and Incidents of Fraud
- Notice PSOA-N04 Reporting of Suspicious Activities and Incidents of Fraud
- Notice PSOA-N05 Technology Risk Management
- Notice PSOA-N06 Cyber Hygiene
- Notice 3001 Prevention of Money Laundering and Countering the Financing of Terrorism – Holders of Money-Changer’s Licence and Remittance Licence
- Notice 3002 Record of Transactions (for both Money-Changing & Remittance Licensees)
- Notice 3003 Submission of Statement of Transactions and Profit/Loss (for both Money-Changing & Remittance Licensees)
- Notice 3004 Issuing of Receipts (for both Money-Changing & Remittance Licensees)
- Notice 3005 Reporting of Suspicious Activities and Incidents of Fraud (for both Money-Changing & Remittance Licensees)
- Notice 3006 Prohibition on Issuance of Bearer Negotiable Instruments and Restrictions of Cash Payout
- Notice 3007 Prohibition Against Lending
- Notice 3101 Exchange Rates (for Money-Changing Licensees only)
- Notice 3201 Display of Cautionary Statement at Place of Business (for Remittance Licensees only)
- Notice 3202 Transmission of Moneys (for Remittance Licensees only)
- Notice 3203 Technology Risk Management
Acts
Subsidiary Legislation and Regulations
- Payment Systems (Oversight) Regulations
- Payment Systems (Oversight) (Transitional and Savings Provisions) Regulations
- Payment Systems (Oversight) (Singapore Dollar Cheque Clearing System and Inter-bank GIRO System) Regulations
- Payment Systems (Oversight) (Exemption) Regulations
- Payment Systems (Oversight) (Composition of Offences) Regulations
- Money-changing and Remittance Businesses Regulations
Forms & Templates
- Form 1 for Payment Systems (Oversight) Regulations 4(1) – Information to be Submitted by a Participant, Operator or Settlement Institution of a Payment System
- Form 2 for Payment Systems (Oversight) Regulation 4(2) - Information to be Submitted by a Holder of a Stored Value Facility
- Form 3 for Payment Systems (Oversight) Regulation 7(1) – Application for Appointment of Chief Executive Officer or Director of a Designated Payment System
- Form 4 for Payment Systems (Oversight) Regulation 15(1) - Application for Approval as an Approved Holder
- Form 5 for Payment Systems (Oversight) Regulation 15(2) - Application for Approval as an Approved Bank
- Form 6 for Payment Systems (Oversight) Regulation 16(1) - Application to Cancel Approval of Approved Holder
- Form 7 for Payment Systems (Oversight) Regulation 16(2) - Application to Cancel Approval of Approved Bank
- Form 8 – Acceptance of Offer of Composition
- Notice of Change in Particulars for Money-Changing and/or Remittance Licensees
- Application for Appointment of Director for Money-Changing and/or Remittance Licensees
- Application for Appointment of Substantial Shareholder(s) for Money-Changing and/or Remittance Licensees
- Notice of Cessation of Business for Money-Changing and/or Remittance Licensees
- Form and Content of Auditor's Report under Regulation 6(1), Money-changing and Remittance Businesses Regulations 2005
Guidelines
Orders & Notifications
- Payment Systems (Oversight)(Exclusion of Single Purpose Stored Value Facilities)(Amendment) Order
- Interpretation (Payment System (Oversight) Act 2006 – Fees) Order 2006
- Money-changing and Remittance Businesses (Exemption from Sections 12 and 13) Notification
- Money-Changing and Remittance Business (Exemption from Section 13) Notification
- Money-changing and Remittance Businesses (Exemption from Section 13) Notification 2018