Singapore legislation
Regulation 30
Regulation 30
Exemption from section 9 of Act
Section 9(1) of the Act does not apply to any person in respect of —
an offer to provide, or issuance of any advertisement containing any offer to provide, to the public in Singapore or any section of the public in Singapore, any type of payment service, whether in Singapore or elsewhere; or
the making of an offer or invitation, or the issuance of any advertisement containing any offer or invitation, to the public in Singapore or any section of the public in Singapore, to enter into any agreement relating to the provision by any person of any type of payment service, whether in Singapore or elsewhere,if the offer, invitation or advertisement is made or issued to the public in Singapore or any section of the public in Singapore —
on behalf of a licensee, an exempt payment service provider or a person who is exempt under section 100 of the Act from sections 5(1) and 6(4) and (5) of the Act in respect of a business of providing a payment service, and the offer, invitation or advertisement (as the case may be) relates to that payment service; or
by a person (other than a person who is exempt under regulation 28(1) or 29(1)) who is exempt under section 100 of the Act from sections 5(1) and 6(4) and (5) of the Act in respect of a business of providing a payment service, and the offer, invitation or advertisement (as the case may be) relates to that payment service.