In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Payment Services Act 2019 · 2020 Revised Edition · Part 2 · Licensing of Payment Service Providers
17. Obligation of licensee to submit periodic reports
Feedback & support(1)
A licensee must submit to the Authority such reports or returns relating to the licensee’s business in such form, manner and frequency as the Authority may specify by written notice.
licensee
Defined · s 2
“licensee” means a payment service provider the licence of which is in force;
(2)
A person that contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part of a day during which the offence continues after conviction.