Proposed E-payments User Protection Guidelines

Monetary Authority Of Singapore 1 ynt CONSULTATION PAPER Proposed E-payments user Protection Guidelines P004 - 2018 February 2018 CONSULTATION PAPER ON THE Proposed E-payments user Protection Guidelines 13 February 2018 Monetary Authority of Singapore 2 Contents 1 Preface .. 3 2 Application of the Guidelines .. 6 3 Definitions .. 8 4 Part A: Liability for losses arising from unauthorised transactions .. 11 Account holder is not liable for any 11 Account holder is liable for a maximum of S$100 .. 13 Account holder is liable for actual loss .. 14 Agreement to reduce account holder s 15 5 Part B: Duties of account holders and account users .. 16 Account holder to provide contact information and monitor notifications .. 16 Account user to protect access codes .. 16 Account user to protect access to protected account .. 17 Account holder to report unauthorised transactions .. 17 Account holder to provide information on unauthorised transaction .. 18 Account holder to make police report.

CONSULTATION PAPER ON THE PROPOSED E-PAYMENTS USER PROTECTION GUIDELINES 13 February 2018 Monetary Authority of Singapore 3 1 Preface 1.1 In 2016, MAS embarked on a review of the regulatory framework governing

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  Guidelines, User, Protection, Payments, E payments user protection guidelines

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