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 3 · Payment Systems
49. Obligation of operator to submit periodic reports
Feedback & support(1)
An operator of a designated payment system must submit to the Authority such reports or returns in the form, manner and frequency prescribed.
operator
Defined · s 2
“operator”, in relation to a payment system, means a person that operates the payment system;
(2)
A person that contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $250,000 and, in the case of a continuing offence, to a further fine not exceeding $25,000 for every day or part of a day during which the offence continues after conviction.