20A. Prescribed businesses to which section 12(1) of Act applies

For the purpose of section 12(2)(c) of the Act, the following businesses mentioned in section 30(1)(b) of the Act are prescribed as businesses to which section 12(1) of the Act applies:

the business of providing a money‑changing service;

the business of providing a cross‑border money transfer service.

In this regulation, “cross-border money transfer service” and “money-changing service” have the meanings given by section 2(1) of the Payment Services Act 2019 (Act 2 of 2019).

For the purpose of section 12(2)(c) of the Act, the following businesses mentioned in section 30(1)(b) of the Act are prescribed as businesses to which section 12(1) of the Act applies:

the business of providing a money‑changing service;

the business of providing a cross‑border money transfer service.

In this regulation, “cross-border money transfer service” and “money-changing service” have the meanings given by section 2(1) of the Payment Services Act 2019 (Act 2 of 2019).