Dear Members,

MAS has introduced amendments to the Payment Services Act and the Payment Services Regulations to expand the scope of payment services regulated by MAS, and to impose user protection and financial stability-related requirements on digital payment token (DPT) service providers. The amendments will generally take effect six months from 4 April 2024. In addition, MAS has issued the Guidelines on implementation measures to safeguard customers’ assets (effective 4 October 2024) to support implementation of segregation and custody measures, which some of you had kindly helped to provide inputs for during the industry consultation.

SFA is organising a briefing session on the above amendments and guidelines as follows:

• Date: 8th April 2024
• Time: 3.30pm to 4.30pm
• Speaker: Mr. Adrian Ang, Partner, Allen & Gledhill LLP
• Venue: #08-01, 80 Robinson Rd, #08-01, Singapore 068898

We cordially invite you to join us for the above briefing. Kindly register for the session via this link.