On July 26, 2024, MAS updated the Guidelines on Licensing for Payment Service Providers, which will be effective from August 26, 2024. The key changes include:
- A new Legal Opinion Requirement for new and variation applications.
- An External Auditor’s Independent Assessment for applications providing DPT services.
- Clearer expectations and rules for the application review process.
Don’t miss the briefing session for the above, organised by the Digital Assets Association – Regulatory Subcommittee.
This event is proudly sponsored by our community partner ICP Hub Singapore.