Payment Systems (Oversight) Act · 2007 Revised Edition
Official textFrom Singapore Statutes Online, unchanged
The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely accepted stored value facilities, be marked or labelled with or accompanied by any statement relating to such matters as may be prescribed.
Authority
“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act;
Authority
“Authority” means the Monetary Authority of Singapore established under the Monetary Authority of Singapore Act;
stored value
“stored value”, in relation to a stored value facility, means the sum of money that —(a)has been paid in advance for goods or services intended to be purchased through the use of the stored value facility;(b)is available for use from time to time for making payment under the terms and conditions applying to the stored value facility; and(c)is held by the holder of the stored value facility;