Singapore legislation
Regulation 20A
Regulation 20A
Prescribed businesses to which section 12(1) of Act applies
Amended byS 840/2019 wef 28/01/2020S 840/2019 wef 28/01/2020S 840/2019 wef 28/01/2020
Subregulation 1
Amended byS 840/2019 wef 28/01/2020S 840/2019 wef 28/01/2020
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:
(a)
the business of providing a money‑changing service;
(b)
the business of providing a cross‑border money transfer service.
Subregulation 2
Amended byS 840/2019 wef 28/01/2020
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).