Transcription of Proposed Payment Services Bill - Monetary …
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Proposed Payment Services Bill - Monetary …
T CONSULTATION PAPER. P021 - 2017. November 2017. Proposed Payment Services bill Monetary Authority Of singapore 1. CONSULTATION PAPER ON THE Proposed Payment Services bill . 21 November 2017. Contents 1 Preface .. 3. 2 Introduction .. 6. 3 Activity-based Licensing 9. Activities Regulated under the Licensing Framework .. 9. E-Money and Virtual Currencies .. 15. Excluded 17. Significant Excluded Activity 1: Limited Purpose 18. Significant Excluded Activity 2: Limited Purpose Virtual Currency .. 20. Significant Excluded Activity 3: Regulated Financial Services .. 21. 4 Licensing and Designation Regimes .. 22. Licensing Regime .. 22. Designation 24. 5 Key Requirements and Powers .. 26. Licensing and Business Conduct Requirements .. 26. Specific Risk Mitigating Measures.
CONSULTATION PAPER ON THE PROPOSED PAYMENT SERVICES BILL 21 November 2017 Monetary Authority of Singapore 6 2 Introduction 2.1 In August 2016, MAS articulated strategies to promote e-payments in Singapore
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