﻿<?xml version="1.0" encoding="utf-8"?><?xml-stylesheet type="text/xsl" href="/CMS/Content/rss2full.xsl"?><?xml-stylesheet type="text/css" href="/CMS/Content/rss.css"?><rss xmlns:a10="http://www.w3.org/2005/Atom" version="2.0"><channel><title>Payment Systems (Oversight) Act amendments</title><link>https://sso.agc.gov.sg/Act/PSOA2006?TransactionDate=20071001235959&amp;ViewType=Rss</link><description>Singapore Statutes Online RSS Feed</description><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Repealed/20200128?ValidDate=20200128&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act (Repealed) - Long Title</title><description>(This Act has been repealed.)</description><pubDate>Tue, 28 Jan 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Repealed/20200128?ValidDate=20200128&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act (Repealed) - 1 (Repealed)</title><description>(Repealed) (This Act was repealed by Act 2 of 2019 with effect from 28/01/2020).</description><pubDate>Tue, 28 Jan 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Repealed/20200128?ValidDate=20200128&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act (Repealed) - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act 2...</description><pubDate>Tue, 28 Jan 2020 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006?ValidDate=20181008&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act - 22 Removal of director or executive officer</title><description>Removal of director or executive officer Notwithstanding the provisions of any other written law, where the Authority is satisfied that a director of a Singapore operator or Singap...</description><pubDate>Mon, 08 Oct 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006?ValidDate=20181008&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act 2...</description><pubDate>Mon, 08 Oct 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act 2...</description><pubDate>Mon, 08 Oct 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act - 22 Removal of director or executive officer</title><description>Removal of director or executive officer Notwithstanding the provisions of any other written law, where the Authority is satisfied that a director of a Singapore operator or Singap...</description><pubDate>Mon, 08 Oct 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he would...</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006?ValidDate=20181008&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=pr41A-</link><title>Payment Systems (Oversight) Act - 41A Application of this Part</title><description>Application of this Part This Part does not apply to any request for assistance mentioned in section 154(1) of the Monetary Authority of Singapore Act (Cap. 186). Act 31 of 2017 we...</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act 2...</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act 2...</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he would...</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr41A-</link><title>Payment Systems (Oversight) Act - 41A Application of this Part</title><description>Application of this Part This Part does not apply to any request for assistance mentioned in section 154(1) of the Monetary Authority of Singapore Act (Cap. 186). Act 31 of 2017 we...</description><pubDate>Tue, 05 Jun 2018 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Wed, 01 Jul 2015 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act ...</description><pubDate>Wed, 01 Jul 2015 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Wed, 01 Jul 2015 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act ...</description><pubDate>Wed, 01 Jul 2015 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment Systems (Oversight) Act .</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act - 3 Application of Act</title><description>Application of Act Parts III to VI shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Act 4 of 2...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act - 22 Removal of director or executive officer</title><description>Removal of director or executive officer Notwithstanding the provisions of any other written law, where the Authority is satisfied that a director of a Singapore operator or Singa...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=pr27A-</link><title>Payment Systems (Oversight) Act - 27A Confidentiality of inspection reports</title><description>Confidentiality of inspection reports Where a written report or any part thereof (referred to in this section as the report) has been produced in respect of any operator or settle...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr28A-</link><title>Payment Systems (Oversight) Act - 28A Responsibilities of officers, member, etc., of operator or settlement institution</title><description>Responsibilities of officers, member, etc., of operator or settlement institution During the period when the Authority, or a person directed by the Authority under section 28(1)(c...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr28B-</link><title>Payment Systems (Oversight) Act - 28B Interpretation of sections 28B, 28C and 28D</title><description>Interpretation of sections 28B, 28C and 28D In this section and sections 28C and 28D, unless the context otherwise requires — business includes affairs, property, right, obligatio...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=pr28C-</link><title>Payment Systems (Oversight) Act - 28C Voluntary transfer of business</title><description>Voluntary transfer of business A transferor may transfer the whole or any part of its business (including any business that is not the usual business of an operator or a settlemen...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=pr28D-</link><title>Payment Systems (Oversight) Act - 28D Approval of transfer</title><description>Approval of transfer A transferor shall apply to the Court for its approval of the transfer of the whole or any part of the business of the transferor to the transferee under sect...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act - 55 Directions and notices need not be published in &lt;i&gt;Gazette&lt;/i&gt;</title><description>Directions and notices need not be published in Gazette It shall not be necessary to publish any written direction or notice in writing given by the Authority under this Act in th...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=am-</link><title>Payment Systems (Oversight) Act - Legislative Source Key</title><description>Notes :—Unless otherwise stated, the abbreviations used in the references to other Acts and statutory provisions are references to the following Acts and statutory provisions. The...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act ...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=xy-</link><title>Payment Systems (Oversight) Act - Comparative Table</title><description>The following provisions in the Payment Systems (Oversight) Act (Act 1 of 2006) have been renumbered by the Law Revision Commissioners in this 2007 Revised Edition. This Comparati...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act. It is not part of the Act. Act 1 of 2006 Payment Systems (Oversight) Act ...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act - 22 Removal of director or executive officer</title><description>Removal of director or executive officer Notwithstanding the provisions of any other written law, where the Authority is satisfied that a director of a Singapore operator or Singa...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment Systems (Oversight) Act .</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act - 3 Application of Act</title><description>Application of Act Parts III to VI shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Act 4 of 2...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr27A-</link><title>Payment Systems (Oversight) Act - 27A Confidentiality of inspection reports</title><description>Confidentiality of inspection reports Where a written report or any part thereof (referred to in this section as the report) has been produced in respect of any operator or settle...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr28A-</link><title>Payment Systems (Oversight) Act - 28A Responsibilities of officers, member, etc., of operator or settlement institution</title><description>Responsibilities of officers, member, etc., of operator or settlement institution During the period when the Authority, or a person directed by the Authority under section 28(1)(c...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr28B-</link><title>Payment Systems (Oversight) Act - 28B Interpretation of sections 28B, 28C and 28D</title><description>Interpretation of sections 28B, 28C and 28D In this section and sections 28C and 28D, unless the context otherwise requires — business includes affairs, property, right, obligatio...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr28C-</link><title>Payment Systems (Oversight) Act - 28C Voluntary transfer of business</title><description>Voluntary transfer of business A transferor may transfer the whole or any part of its business (including any business that is not the usual business of an operator or a settlemen...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr28D-</link><title>Payment Systems (Oversight) Act - 28D Approval of transfer</title><description>Approval of transfer A transferor shall apply to the Court for its approval of the transfer of the whole or any part of the business of the transferor to the transferee under sect...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act - 55 Directions and notices need not be published in &lt;i&gt;Gazette&lt;/i&gt;</title><description>Directions and notices need not be published in Gazette It shall not be necessary to publish any written direction or notice in writing given by the Authority under this Act in th...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=am-</link><title>Payment Systems (Oversight) Act - Legislative Source Key</title><description>Notes :—Unless otherwise stated, the abbreviations used in the references to other Acts and statutory provisions are references to the following Acts and statutory provisions. The...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=xy-</link><title>Payment Systems (Oversight) Act - Comparative Table</title><description>The following provisions in the Payment Systems (Oversight) Act (Act 1 of 2006) have been renumbered by the Law Revision Commissioners in this 2007 Revised Edition. This Comparati...</description><pubDate>Thu, 18 Apr 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act - 3 Application of Act</title><description>Application of Act Parts III to VI shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Act 4 of 2...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr27A-</link><title>Payment Systems (Oversight) Act - 27A Confidentiality of inspection reports</title><description>Confidentiality of inspection reports Where a written report or any part thereof (referred to in this section as the report) has been produced in respect of any operator or settle...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversight) Ac...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act - 3 Application of Act</title><description>Application of Act Parts III to VI shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Act 4 of 2...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr27A-</link><title>Payment Systems (Oversight) Act - 27A Confidentiality of inspection reports</title><description>Confidentiality of inspection reports Where a written report or any part thereof (referred to in this section as the report) has been produced in respect of any operator or settle...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversight) Ac...</description><pubDate>Thu, 28 Mar 2013 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act - Long Title</title><description>An Act to provide for the oversight of payment systems and stored value facilities, and for matters connected therewith.</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1I-</link><title>Payment Systems (Oversight) Act - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment Systems (Oversight) Act .</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act - 3 Application of Act</title><description>Application of Act Parts III and IV shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Part VII ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1II-</link><title>Payment Systems (Oversight) Act - Part II FUNCTIONS AND POWERS OF AUTHORITY</title><description>Part II FUNCTIONS AND POWERS OF AUTHORITY</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr4-</link><title>Payment Systems (Oversight) Act - 4 Authority to exercise oversight functions in respect of payment systems and stored value facilities</title><description>Authority to exercise oversight functions in respect of payment systems and stored value facilities The Authority shall — exercise oversight functions in respect of payment system...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr5-</link><title>Payment Systems (Oversight) Act - 5 Authority to have regard to public interest</title><description>Authority to have regard to public interest In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public,...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1III-</link><title>Payment Systems (Oversight) Act - Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</title><description>Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr6-</link><title>Payment Systems (Oversight) Act - 6 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require — any participant; any operator or any person acting on behalf of an ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1IV-</link><title>Payment Systems (Oversight) Act - Part IV DESIGNATION OF PAYMENT SYSTEMS</title><description>Part IV DESIGNATION OF PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr7-</link><title>Payment Systems (Oversight) Act - 7 Power of Authority to designate payment systems</title><description>Power of Authority to designate payment systems The Authority may, by order published in the Gazette , designate a payment system as a designated payment system for the purposes o...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr8-</link><title>Payment Systems (Oversight) Act - 8 Prohibition on holding out as designated payment system</title><description>Prohibition on holding out as designated payment system No person shall hold himself out as the operator or settlement institution of a designated payment system unless the paymen...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr9-</link><title>Payment Systems (Oversight) Act - 9 Annual fees payable by operator of designated payment system</title><description>Annual fees payable by operator of designated payment system Every operator of a designated payment system shall pay to the Authority such annual fees as may be prescribed and in ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr10-</link><title>Payment Systems (Oversight) Act - 10 Withdrawal of designation of payment system</title><description>Withdrawal of designation of payment system The Authority may, by order published in the Gazette , withdraw the designation of any designated payment system at any time if the Aut...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1V-</link><title>Payment Systems (Oversight) Act - Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</title><description>Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr11-</link><title>Payment Systems (Oversight) Act - 11 Obligation of operator to notify Authority of businesses and acquisition of corporations</title><description>Obligation of operator to notify Authority of businesses and acquisition of corporations An operator of a designated payment system shall notify the Authority as soon as practicab...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr12-</link><title>Payment Systems (Oversight) Act - 12 Obligation of operator and settlement institution to notify Authority of certain events</title><description>Obligation of operator and settlement institution to notify Authority of certain events An operator and a settlement institution of a designated payment system shall notify the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr13-</link><title>Payment Systems (Oversight) Act - 13 Obligation of operator to submit periodic reports</title><description>Obligation of operator to submit periodic reports An operator of a designated payment system shall submit to the Authority such reports in such form, manner and frequency as the A...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr14-</link><title>Payment Systems (Oversight) Act - 14 Obligation of operator and settlement institution to appoint auditor</title><description>Obligation of operator and settlement institution to appoint auditor An operator and a settlement institution of a designated payment system shall appoint an auditor to audit the ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr15-</link><title>Payment Systems (Oversight) Act - 15 Power of Authority to impose access regime</title><description>Power of Authority to impose access regime The Authority may, by order published in the Gazette , impose an access regime in respect of a designated payment system on the person w...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr16-</link><title>Payment Systems (Oversight) Act - 16 Variation of access regime</title><description>Variation of access regime The Authority may, by order published in the Gazette , vary an access regime which has been imposed in respect of a designated payment system under sect...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr17-</link><title>Payment Systems (Oversight) Act - 17 Cessation and revocation of access regime</title><description>Cessation and revocation of access regime An access regime in respect of a designated payment system shall cease to be in force if — the order imposing or varying the access regim...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr18-</link><title>Payment Systems (Oversight) Act - 18 Right to apply to High Court</title><description>Right to apply to High Court If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr19-</link><title>Payment Systems (Oversight) Act - 19 Power of Authority to impose conditions or restrictions</title><description>Power of Authority to impose conditions or restrictions The Authority may, by notice in writing, impose on a participant, an operator or a settlement institution of a designated p...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr20-</link><title>Payment Systems (Oversight) Act - 20 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may, if it thinks — it is necessary or expedient for ensuring the integrity and proper management of a designated paym...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr21-</link><title>Payment Systems (Oversight) Act - 21 Power of Authority to approve chief executive officer and directors of operator</title><description>Power of Authority to approve chief executive officer and directors of operator No operator of a designated payment system shall appoint a person as its — chief executive officer ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act - 22 Removal of chief executive officer and directors</title><description>Removal of chief executive officer and directors Where the Authority is satisfied that the chief executive officer or a director of an operator of a designated payment system — ha...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr24-</link><title>Payment Systems (Oversight) Act - 24 Approval of applications for substantial shareholding</title><description>Approval of applications for substantial shareholding The Authority may grant its approval referred to in section 23(1) or (2) subject to such conditions or restrictions as the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr25-</link><title>Payment Systems (Oversight) Act - 25 Contravention of sections 23 and 24</title><description>Contravention of sections 23 and 24 Any person who contravenes section 23(1) or (2) , or any condition or restriction imposed by the Authority under section 24(1) , shall be guilt...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr26-</link><title>Payment Systems (Oversight) Act - 26 Additional powers of Authority in respect of auditors</title><description>Additional powers of Authority in respect of auditors If an auditor of an operator or a settlement institution of a designated payment system, in the course of the performance of ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr27-</link><title>Payment Systems (Oversight) Act - 27 Inspection by Authority</title><description>Inspection by Authority The Authority may inspect, under conditions of secrecy, the books of an operator or a settlement institution of a designated payment system. For the purpos...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1VII-</link><title>Payment Systems (Oversight) Act - Part VII STORED VALUE FACILITIES</title><description>Part VII STORED VALUE FACILITIES</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr29-</link><title>Payment Systems (Oversight) Act - 29 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require any holder of a stored value facility to provide to the Authority, wi...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr30-</link><title>Payment Systems (Oversight) Act - 30 Labelling, etc., of stored value facility</title><description>Labelling, etc., of stored value facility The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely a...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr31-</link><title>Payment Systems (Oversight) Act - 31 Restriction on soliciting</title><description>Restriction on soliciting No person outside Singapore shall, whether by himself or through any person in Singapore, offer or invite, or issue any advertisement containing any offe...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr32-</link><title>Payment Systems (Oversight) Act - 32 Prohibition on holding out as approved holder</title><description>Prohibition on holding out as approved holder No person, other than a person who has obtained the approval of the Authority under section 35(1) , shall hold himself out as an appr...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr33-</link><title>Payment Systems (Oversight) Act - 33 Holding of stored value exceeding prescribed limit</title><description>Holding of stored value exceeding prescribed limit No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored val...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr34-</link><title>Payment Systems (Oversight) Act - 34 Application for approval</title><description>Application for approval A holder of a stored value facility may apply to the Authority for approval as an approved holder in respect of that stored value facility. An application...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr35-</link><title>Payment Systems (Oversight) Act - 35 Power of Authority to approve holders and banks</title><description>Power of Authority to approve holders and banks Where, in relation to a stored value facility, a holder has made an application under section 34(1) and a bank in Singapore has mad...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr36-</link><title>Payment Systems (Oversight) Act - 36 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may issue written directions, either of a general or specific nature, to an approved holder or approved bank if the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr37-</link><title>Payment Systems (Oversight) Act - 37 Cancellation of approval</title><description>Cancellation of approval An approved holder may apply to the Authority to cancel the approval granted to him under section 35(1) . An approved bank may apply to the Authority to c...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr38-</link><title>Payment Systems (Oversight) Act - 38 Revocation of approval</title><description>Revocation of approval The Authority may revoke any approval of a holder as an approved holder if the Authority is satisfied that — the holder has contravened any condition or res...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr39-</link><title>Payment Systems (Oversight) Act - 39 Publication of list of widely accepted stored value facilities</title><description>Publication of list of widely accepted stored value facilities The Authority shall, from time to time, prepare and publish in the Gazette a list of all widely accepted stored valu...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr40-</link><title>Payment Systems (Oversight) Act - 40 Section 14 of Currency Act not to apply to stored value facilities</title><description>Section 14 of Currency Act not to apply to stored value facilities Section 14 of the Currency Act (Cap. 69) shall not apply to the issue of a stored value facility.</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr41-</link><title>Payment Systems (Oversight) Act - 41 Interpretation of this Part</title><description>Interpretation of this Part In this Part, unless the context otherwise requires — enforce means enforce through criminal or administrative proceedings; enforcement means the takin...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr42-</link><title>Payment Systems (Oversight) Act - 42 Conditions for provision of assistance</title><description>Conditions for provision of assistance The Authority may provide the assistance referred to in section 44 to a regulatory authority of a foreign country if the Authority is satisf...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr43-</link><title>Payment Systems (Oversight) Act - 43 Other factors to consider for provision of assistance</title><description>Other factors to consider for provision of assistance In deciding whether to grant a request for assistance referred to in section 44 from a regulatory authority of a foreign coun...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr44-</link><title>Payment Systems (Oversight) Act - 44 Assistance that may be rendered</title><description>Assistance that may be rendered Notwithstanding the provisions of any prescribed written law or any requirement imposed thereunder or any rule of law, the Authority or any person ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr45-</link><title>Payment Systems (Oversight) Act - 45 Offences under this Part</title><description>Offences under this Part Any person who — without reasonable excuse refuses or fails to comply with an order under section 44(1)(b ) , (c ) or (d ) ; in purported compliance with ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr46-</link><title>Payment Systems (Oversight) Act - 46 Immunities</title><description>Immunities No civil or criminal proceedings, other than proceedings for an offence under section 45 , shall lie against any person for — furnishing to the Authority or transmittin...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=P1IX-</link><title>Payment Systems (Oversight) Act - Part IX MISCELLANEOUS</title><description>Part IX MISCELLANEOUS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr47-</link><title>Payment Systems (Oversight) Act - 47 Duty not to provide false or misleading information</title><description>Duty not to provide false or misleading information Any person who provides the Authority with any information under this Act which is false or misleading in any material particul...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr48-</link><title>Payment Systems (Oversight) Act - 48 Publication of certain information</title><description>Publication of certain information The Authority may, from time to time, prepare and publish — consolidated statements aggregating any information provided under this Act; or for ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr49-</link><title>Payment Systems (Oversight) Act - 49 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68) , a District Court shall have jurisdiction to try any offence...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr51-</link><title>Payment Systems (Oversight) Act - 51 Offences by officers</title><description>Offences by officers Any person, being an officer of — a participant, an operator or a settlement institution of a payment system; a holder of a stored value facility; or an appro...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr52-</link><title>Payment Systems (Oversight) Act - 52 General penalty</title><description>General penalty Any person guilty of an offence under this Act for which no penalty is expressly provided shall be liable on conviction to a fine not exceeding $50,000. SF Act, s....</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr53-</link><title>Payment Systems (Oversight) Act - 53 Exemption</title><description>Exemption The Authority may by regulations, either permanently or for such period as the Authority may think fit, exempt any person or class of persons, any payment system or clas...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr54-</link><title>Payment Systems (Oversight) Act - 54 Opportunity to be heard</title><description>Opportunity to be heard Where this Act provides for a person to be given an opportunity to be heard by the Authority, the Authority may prescribe the manner in which the person sh...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act - 55 Directions and notices not subsidiary legislation</title><description>Directions and notices not subsidiary legislation Any written direction or notice in writing given by the Authority under this Act shall be deemed not to be subsidiary legislation...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr56-</link><title>Payment Systems (Oversight) Act - 56 Regulations</title><description>Regulations The Authority may make regulations for carrying out the purposes and provisions of this Act. Without prejudice to the generality of subsection (1) , the Authority may ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=pr58-</link><title>Payment Systems (Oversight) Act - 58 Transitional and savings provisions</title><description>Transitional and savings provisions The Authority may, within 2 years of the date of commencement of this Act, prescribe such transitional and savings provisions as it may conside...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=am-</link><title>Payment Systems (Oversight) Act - Legislative Source Key</title><description>Unless otherwise stated, the abbreviations used in the references to other Acts and statutory provisions are references to the following Acts and statutory provisions. The referen...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversight) Ac...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act-Rev/PSOA2006/Published?DocDate=20070731&amp;ProvIds=xy-</link><title>Payment Systems (Oversight) Act - Comparative Table</title><description>The following provisions in the Payment Systems (Oversight) Act (Act 1 of 2006) have been renumbered by the Law Revision Commissioners in this 2007 Revised Edition. This Comparati...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20180605?ValidDate=20180605&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act - Long Title</title><description>An Act to provide for the oversight of payment systems and stored value facilities, and for matters connected therewith.</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=P1I-</link><title>Payment Systems (Oversight) Act - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment Systems (Oversight) Act .</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act - 3 Application of Act</title><description>Application of Act Parts III and IV shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Part VII ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=P1II-</link><title>Payment Systems (Oversight) Act - Part II FUNCTIONS AND POWERS OF AUTHORITY</title><description>Part II FUNCTIONS AND POWERS OF AUTHORITY</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr4-</link><title>Payment Systems (Oversight) Act - 4 Authority to exercise oversight functions in respect of payment systems and stored value facilities</title><description>Authority to exercise oversight functions in respect of payment systems and stored value facilities The Authority shall — exercise oversight functions in respect of payment system...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr5-</link><title>Payment Systems (Oversight) Act - 5 Authority to have regard to public interest</title><description>Authority to have regard to public interest In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public,...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=P1III-</link><title>Payment Systems (Oversight) Act - Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</title><description>Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr6-</link><title>Payment Systems (Oversight) Act - 6 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require — any participant; any operator or any person acting on behalf of an ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=P1IV-</link><title>Payment Systems (Oversight) Act - Part IV DESIGNATION OF PAYMENT SYSTEMS</title><description>Part IV DESIGNATION OF PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr7-</link><title>Payment Systems (Oversight) Act - 7 Power of Authority to designate payment systems</title><description>Power of Authority to designate payment systems The Authority may, by order published in the Gazette , designate a payment system as a designated payment system for the purposes o...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr8-</link><title>Payment Systems (Oversight) Act - 8 Prohibition on holding out as designated payment system</title><description>Prohibition on holding out as designated payment system No person shall hold himself out as the operator or settlement institution of a designated payment system unless the paymen...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr9-</link><title>Payment Systems (Oversight) Act - 9 Annual fees payable by operator of designated payment system</title><description>Annual fees payable by operator of designated payment system Every operator of a designated payment system shall pay to the Authority such annual fees as may be prescribed and in ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr10-</link><title>Payment Systems (Oversight) Act - 10 Withdrawal of designation of payment system</title><description>Withdrawal of designation of payment system The Authority may, by order published in the Gazette , withdraw the designation of any designated payment system at any time if the Aut...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=P1V-</link><title>Payment Systems (Oversight) Act - Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</title><description>Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr11-</link><title>Payment Systems (Oversight) Act - 11 Obligation of operator to notify Authority of businesses and acquisition of corporations</title><description>Obligation of operator to notify Authority of businesses and acquisition of corporations An operator of a designated payment system shall notify the Authority as soon as practicab...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr12-</link><title>Payment Systems (Oversight) Act - 12 Obligation of operator and settlement institution to notify Authority of certain events</title><description>Obligation of operator and settlement institution to notify Authority of certain events An operator and a settlement institution of a designated payment system shall notify the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr13-</link><title>Payment Systems (Oversight) Act - 13 Obligation of operator to submit periodic reports</title><description>Obligation of operator to submit periodic reports An operator of a designated payment system shall submit to the Authority such reports in such form, manner and frequency as the A...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr14-</link><title>Payment Systems (Oversight) Act - 14 Obligation of operator and settlement institution to appoint auditor</title><description>Obligation of operator and settlement institution to appoint auditor An operator and a settlement institution of a designated payment system shall appoint an auditor to audit the ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=pr15-</link><title>Payment Systems (Oversight) Act - 15 Power of Authority to impose access regime</title><description>Power of Authority to impose access regime The Authority may, by order published in the Gazette , impose an access regime in respect of a designated payment system on the person w...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr16-</link><title>Payment Systems (Oversight) Act - 16 Variation of access regime</title><description>Variation of access regime The Authority may, by order published in the Gazette , vary an access regime which has been imposed in respect of a designated payment system under sect...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr17-</link><title>Payment Systems (Oversight) Act - 17 Cessation and revocation of access regime</title><description>Cessation and revocation of access regime An access regime in respect of a designated payment system shall cease to be in force if — the order imposing or varying the access regim...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr18-</link><title>Payment Systems (Oversight) Act - 18 Right to apply to High Court</title><description>Right to apply to High Court If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr19-</link><title>Payment Systems (Oversight) Act - 19 Power of Authority to impose conditions or restrictions</title><description>Power of Authority to impose conditions or restrictions The Authority may, by notice in writing, impose on a participant, an operator or a settlement institution of a designated p...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr20-</link><title>Payment Systems (Oversight) Act - 20 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may, if it thinks — it is necessary or expedient for ensuring the integrity and proper management of a designated paym...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr21-</link><title>Payment Systems (Oversight) Act - 21 Power of Authority to approve chief executive officer and directors of operator</title><description>Power of Authority to approve chief executive officer and directors of operator No operator of a designated payment system shall appoint a person as its — chief executive officer ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act - 22 Removal of chief executive officer and directors</title><description>Removal of chief executive officer and directors Where the Authority is satisfied that the chief executive officer or a director of an operator of a designated payment system — ha...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr24-</link><title>Payment Systems (Oversight) Act - 24 Approval of applications for substantial shareholding</title><description>Approval of applications for substantial shareholding The Authority may grant its approval referred to in section 23(1) or (2) subject to such conditions or restrictions as the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr25-</link><title>Payment Systems (Oversight) Act - 25 Contravention of sections 23 and 24</title><description>Contravention of sections 23 and 24 Any person who contravenes section 23(1) or (2), or any condition or restriction imposed by the Authority under section 24(1), shall be guilty ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr26-</link><title>Payment Systems (Oversight) Act - 26 Additional powers of Authority in respect of auditors</title><description>Additional powers of Authority in respect of auditors If an auditor of an operator or a settlement institution of a designated payment system, in the course of the performance of ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=pr27-</link><title>Payment Systems (Oversight) Act - 27 Inspection by Authority</title><description>Inspection by Authority The Authority may inspect, under conditions of secrecy, the books of an operator or a settlement institution of a designated payment system. For the purpos...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=P1VII-</link><title>Payment Systems (Oversight) Act - Part VII STORED VALUE FACILITIES</title><description>Part VII STORED VALUE FACILITIES</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr29-</link><title>Payment Systems (Oversight) Act - 29 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require any holder of a stored value facility to provide to the Authority, wi...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr30-</link><title>Payment Systems (Oversight) Act - 30 Labelling, etc., of stored value facility</title><description>Labelling, etc., of stored value facility The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely a...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr31-</link><title>Payment Systems (Oversight) Act - 31 Restriction on soliciting</title><description>Restriction on soliciting No person outside Singapore shall, whether by himself or through any person in Singapore, offer or invite, or issue any advertisement containing any offe...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr32-</link><title>Payment Systems (Oversight) Act - 32 Prohibition on holding out as approved holder</title><description>Prohibition on holding out as approved holder No person, other than a person who has obtained the approval of the Authority under section 35(1), shall hold himself out as an appro...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr33-</link><title>Payment Systems (Oversight) Act - 33 Holding of stored value exceeding prescribed limit</title><description>Holding of stored value exceeding prescribed limit No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored val...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr34-</link><title>Payment Systems (Oversight) Act - 34 Application for approval</title><description>Application for approval A holder of a stored value facility may apply to the Authority for approval as an approved holder in respect of that stored value facility. An application...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr35-</link><title>Payment Systems (Oversight) Act - 35 Power of Authority to approve holders and banks</title><description>Power of Authority to approve holders and banks Where, in relation to a stored value facility, a holder has made an application under section 34(1) and a bank in Singapore has mad...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr36-</link><title>Payment Systems (Oversight) Act - 36 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may issue written directions, either of a general or specific nature, to an approved holder or approved bank if the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr37-</link><title>Payment Systems (Oversight) Act - 37 Cancellation of approval</title><description>Cancellation of approval An approved holder may apply to the Authority to cancel the approval granted to him under section 35(1). An approved bank may apply to the Authority to ca...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr38-</link><title>Payment Systems (Oversight) Act - 38 Revocation of approval</title><description>Revocation of approval The Authority may revoke any approval of a holder as an approved holder if the Authority is satisfied that — the holder has contravened any condition or res...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr39-</link><title>Payment Systems (Oversight) Act - 39 Publication of list of widely accepted stored value facilities</title><description>Publication of list of widely accepted stored value facilities The Authority shall, from time to time, prepare and publish in the Gazette a list of all widely accepted stored valu...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr40-</link><title>Payment Systems (Oversight) Act - 40 Section 14 of Currency Act not to apply to stored value facilities</title><description>Section 14 of Currency Act not to apply to stored value facilities Section 14 of the Currency Act (Cap. 69) shall not apply to the issue of a stored value facility.</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr41-</link><title>Payment Systems (Oversight) Act - 41 Interpretation of this Part</title><description>Interpretation of this Part In this Part, unless the context otherwise requires — enforce means enforce through criminal or administrative proceedings; enforcement means the takin...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr42-</link><title>Payment Systems (Oversight) Act - 42 Conditions for provision of assistance</title><description>Conditions for provision of assistance The Authority may provide the assistance referred to in section 44 to a regulatory authority of a foreign country if the Authority is satisf...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr43-</link><title>Payment Systems (Oversight) Act - 43 Other factors to consider for provision of assistance</title><description>Other factors to consider for provision of assistance In deciding whether to grant a request for assistance referred to in section 44 from a regulatory authority of a foreign coun...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr44-</link><title>Payment Systems (Oversight) Act - 44 Assistance that may be rendered</title><description>Assistance that may be rendered Notwithstanding the provisions of any prescribed written law or any requirement imposed thereunder or any rule of law, the Authority or any person ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr45-</link><title>Payment Systems (Oversight) Act - 45 Offences under this Part</title><description>Offences under this Part Any person who — without reasonable excuse refuses or fails to comply with an order under section 44(1)(b ), (c ) or (d ); in purported compliance with an...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr46-</link><title>Payment Systems (Oversight) Act - 46 Immunities</title><description>Immunities No civil or criminal proceedings, other than proceedings for an offence under section 45, shall lie against any person for — furnishing to the Authority or transmitting...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=P1IX-</link><title>Payment Systems (Oversight) Act - Part IX MISCELLANEOUS</title><description>Part IX MISCELLANEOUS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr47-</link><title>Payment Systems (Oversight) Act - 47 Duty not to provide false or misleading information</title><description>Duty not to provide false or misleading information Any person who provides the Authority with any information under this Act which is false or misleading in any material particul...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr48-</link><title>Payment Systems (Oversight) Act - 48 Publication of certain information</title><description>Publication of certain information The Authority may, from time to time, prepare and publish — consolidated statements aggregating any information provided under this Act; or for ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr49-</link><title>Payment Systems (Oversight) Act - 49 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr51-</link><title>Payment Systems (Oversight) Act - 51 Offences by officers</title><description>Offences by officers Any person, being an officer of — a participant, an operator or a settlement institution of a payment system; a holder of a stored value facility; or an appro...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr52-</link><title>Payment Systems (Oversight) Act - 52 General penalty</title><description>General penalty Any person guilty of an offence under this Act for which no penalty is expressly provided shall be liable on conviction to a fine not exceeding $50,000. SF Act, s....</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr53-</link><title>Payment Systems (Oversight) Act - 53 Exemption</title><description>Exemption The Authority may by regulations, either permanently or for such period as the Authority may think fit, exempt any person or class of persons, any payment system or clas...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr54-</link><title>Payment Systems (Oversight) Act - 54 Opportunity to be heard</title><description>Opportunity to be heard Where this Act provides for a person to be given an opportunity to be heard by the Authority, the Authority may prescribe the manner in which the person sh...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act - 55 Directions and notices not subsidiary legislation</title><description>Directions and notices not subsidiary legislation Any written direction or notice in writing given by the Authority under this Act shall be deemed not to be subsidiary legislation...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr56-</link><title>Payment Systems (Oversight) Act - 56 Regulations</title><description>Regulations The Authority may make regulations for carrying out the purposes and provisions of this Act. Without prejudice to the generality of subsection (1), the Authority may m...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr58-</link><title>Payment Systems (Oversight) Act - 58 Transitional and savings provisions</title><description>Transitional and savings provisions The Authority may, within 2 years of the date of commencement of this Act, prescribe such transitional and savings provisions as it may conside...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=am-</link><title>Payment Systems (Oversight) Act - Legislative Source Key</title><description>Unless otherwise stated, the abbreviations used in the references to other Acts and statutory provisions are references to the following Acts and statutory provisions. The referen...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversight) Ac...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=xy-</link><title>Payment Systems (Oversight) Act - Comparative Table</title><description>The following provisions in the Payment Systems (Oversight) Act (Act 1 of 2006) have been renumbered by the Law Revision Commissioners in this 2007 Revised Edition. This Comparati...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act - 3 Application of Act</title><description>Application of Act Parts III and IV shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Part VII ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20070731?ValidDate=20070731&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversight) Ac...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act - 1 Short title</title><description>Short title This Act may be cited as the Payment Systems (Oversight) Act .</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act - 22 Removal of chief executive officer and directors</title><description>Removal of chief executive officer and directors Where the Authority is satisfied that the chief executive officer or a director of an operator of a designated payment system — ha...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act - 55 Directions and notices not subsidiary legislation</title><description>Directions and notices not subsidiary legislation Any written direction or notice in writing given by the Authority under this Act shall be deemed not to be subsidiary legislation...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=am-</link><title>Payment Systems (Oversight) Act - Legislative Source Key</title><description>Unless otherwise stated, the abbreviations used in the references to other Acts and statutory provisions are references to the following Acts and statutory provisions. The referen...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130328?ValidDate=20130328&amp;ProvIds=xy-</link><title>Payment Systems (Oversight) Act - Comparative Table</title><description>The following provisions in the Payment Systems (Oversight) Act (Act 1 of 2006) have been renumbered by the Law Revision Commissioners in this 2007 Revised Edition. This Comparati...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20130418?ValidDate=20130418&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20150701?ValidDate=20150701&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act - Long Title</title><description>An Act to provide for the oversight of payment systems and stored value facilities, and for matters connected therewith.</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1I-</link><title>Payment Systems (Oversight) Act - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1II-</link><title>Payment Systems (Oversight) Act - Part II FUNCTIONS AND POWERS OF AUTHORITY</title><description>Part II FUNCTIONS AND POWERS OF AUTHORITY</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr4-</link><title>Payment Systems (Oversight) Act - 4 Authority to exercise oversight functions in respect of payment systems and stored value facilities</title><description>Authority to exercise oversight functions in respect of payment systems and stored value facilities The Authority shall — exercise oversight functions in respect of payment system...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr5-</link><title>Payment Systems (Oversight) Act - 5 Authority to have regard to public interest</title><description>Authority to have regard to public interest In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public,...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1III-</link><title>Payment Systems (Oversight) Act - Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</title><description>Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr6-</link><title>Payment Systems (Oversight) Act - 6 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require — any participant; any operator or any person acting on behalf of an ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1IV-</link><title>Payment Systems (Oversight) Act - Part IV DESIGNATION OF PAYMENT SYSTEMS</title><description>Part IV DESIGNATION OF PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr7-</link><title>Payment Systems (Oversight) Act - 7 Power of Authority to designate payment systems</title><description>Power of Authority to designate payment systems The Authority may, by order published in the Gazette , designate a payment system as a designated payment system for the purposes o...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr8-</link><title>Payment Systems (Oversight) Act - 8 Prohibition on holding out as designated payment system</title><description>Prohibition on holding out as designated payment system No person shall hold himself out as the operator or settlement institution of a designated payment system unless the paymen...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr9-</link><title>Payment Systems (Oversight) Act - 9 Annual fees payable by operator of designated payment system</title><description>Annual fees payable by operator of designated payment system Every operator of a designated payment system shall pay to the Authority such annual fees as may be prescribed and in ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr10-</link><title>Payment Systems (Oversight) Act - 10 Withdrawal of designation of payment system</title><description>Withdrawal of designation of payment system The Authority may, by order published in the Gazette , withdraw the designation of any designated payment system at any time if the Aut...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1V-</link><title>Payment Systems (Oversight) Act - Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</title><description>Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr11-</link><title>Payment Systems (Oversight) Act - 11 Obligation of operator to notify Authority of businesses and acquisition of corporations</title><description>Obligation of operator to notify Authority of businesses and acquisition of corporations An operator of a designated payment system shall notify the Authority as soon as practicab...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr12-</link><title>Payment Systems (Oversight) Act - 12 Obligation of operator and settlement institution to notify Authority of certain events</title><description>Obligation of operator and settlement institution to notify Authority of certain events An operator and a settlement institution of a designated payment system shall notify the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr13-</link><title>Payment Systems (Oversight) Act - 13 Obligation of operator to submit periodic reports</title><description>Obligation of operator to submit periodic reports An operator of a designated payment system shall submit to the Authority such reports in such form, manner and frequency as the A...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr14-</link><title>Payment Systems (Oversight) Act - 14 Obligation of operator and settlement institution to appoint auditor</title><description>Obligation of operator and settlement institution to appoint auditor An operator and a settlement institution of a designated payment system shall appoint an auditor to audit the ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr15-</link><title>Payment Systems (Oversight) Act - 15 Power of Authority to impose access regime</title><description>Power of Authority to impose access regime The Authority may, by order published in the Gazette , impose an access regime in respect of a designated payment system on the person w...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr16-</link><title>Payment Systems (Oversight) Act - 16 Variation of access regime</title><description>Variation of access regime The Authority may, by order published in the Gazette , vary an access regime which has been imposed in respect of a designated payment system under sect...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr17-</link><title>Payment Systems (Oversight) Act - 17 Cessation and revocation of access regime</title><description>Cessation and revocation of access regime An access regime in respect of a designated payment system shall cease to be in force if — the order imposing or varying the access regim...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr18-</link><title>Payment Systems (Oversight) Act - 18 Right to apply to High Court</title><description>Right to apply to High Court If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr19-</link><title>Payment Systems (Oversight) Act - 19 Power of Authority to impose conditions or restrictions</title><description>Power of Authority to impose conditions or restrictions The Authority may, by notice in writing, impose on a participant, an operator or a settlement institution of a designated p...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr20-</link><title>Payment Systems (Oversight) Act - 20 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may, if it thinks — it is necessary or expedient for ensuring the integrity and proper management of a designated paym...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr21-</link><title>Payment Systems (Oversight) Act - 21 Power of Authority to approve chief executive officer and directors of operator</title><description>Power of Authority to approve chief executive officer and directors of operator No operator of a designated payment system shall appoint a person as its — chief executive officer ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr24-</link><title>Payment Systems (Oversight) Act - 24 Approval of applications for substantial shareholding</title><description>Approval of applications for substantial shareholding The Authority may grant its approval referred to in section 23(1) or (2) subject to such conditions or restrictions as the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr25-</link><title>Payment Systems (Oversight) Act - 25 Contravention of sections 23 and 24</title><description>Contravention of sections 23 and 24 Any person who contravenes section 23(1) or (2), or any condition or restriction imposed by the Authority under section 24(1), shall be guilty ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr26-</link><title>Payment Systems (Oversight) Act - 26 Additional powers of Authority in respect of auditors</title><description>Additional powers of Authority in respect of auditors If an auditor of an operator or a settlement institution of a designated payment system, in the course of the performance of ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr27-</link><title>Payment Systems (Oversight) Act - 27 Inspection by Authority</title><description>Inspection by Authority The Authority may inspect, under conditions of secrecy, the books of an operator or a settlement institution of a designated payment system. For the purpos...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1VII-</link><title>Payment Systems (Oversight) Act - Part VII STORED VALUE FACILITIES</title><description>Part VII STORED VALUE FACILITIES</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr29-</link><title>Payment Systems (Oversight) Act - 29 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require any holder of a stored value facility to provide to the Authority, wi...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr30-</link><title>Payment Systems (Oversight) Act - 30 Labelling, etc., of stored value facility</title><description>Labelling, etc., of stored value facility The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely a...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr31-</link><title>Payment Systems (Oversight) Act - 31 Restriction on soliciting</title><description>Restriction on soliciting No person outside Singapore shall, whether by himself or through any person in Singapore, offer or invite, or issue any advertisement containing any offe...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr32-</link><title>Payment Systems (Oversight) Act - 32 Prohibition on holding out as approved holder</title><description>Prohibition on holding out as approved holder No person, other than a person who has obtained the approval of the Authority under section 35(1), shall hold himself out as an appro...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr33-</link><title>Payment Systems (Oversight) Act - 33 Holding of stored value exceeding prescribed limit</title><description>Holding of stored value exceeding prescribed limit No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored val...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr34-</link><title>Payment Systems (Oversight) Act - 34 Application for approval</title><description>Application for approval A holder of a stored value facility may apply to the Authority for approval as an approved holder in respect of that stored value facility. An application...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr35-</link><title>Payment Systems (Oversight) Act - 35 Power of Authority to approve holders and banks</title><description>Power of Authority to approve holders and banks Where, in relation to a stored value facility, a holder has made an application under section 34(1) and a bank in Singapore has mad...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr36-</link><title>Payment Systems (Oversight) Act - 36 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may issue written directions, either of a general or specific nature, to an approved holder or approved bank if the Au...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr37-</link><title>Payment Systems (Oversight) Act - 37 Cancellation of approval</title><description>Cancellation of approval An approved holder may apply to the Authority to cancel the approval granted to him under section 35(1). An approved bank may apply to the Authority to ca...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr38-</link><title>Payment Systems (Oversight) Act - 38 Revocation of approval</title><description>Revocation of approval The Authority may revoke any approval of a holder as an approved holder if the Authority is satisfied that — the holder has contravened any condition or res...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr39-</link><title>Payment Systems (Oversight) Act - 39 Publication of list of widely accepted stored value facilities</title><description>Publication of list of widely accepted stored value facilities The Authority shall, from time to time, prepare and publish in the Gazette a list of all widely accepted stored valu...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr40-</link><title>Payment Systems (Oversight) Act - 40 Section 14 of Currency Act not to apply to stored value facilities</title><description>Section 14 of Currency Act not to apply to stored value facilities Section 14 of the Currency Act (Cap. 69) shall not apply to the issue of a stored value facility.</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr41-</link><title>Payment Systems (Oversight) Act - 41 Interpretation of this Part</title><description>Interpretation of this Part In this Part, unless the context otherwise requires — enforce means enforce through criminal or administrative proceedings; enforcement means the takin...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr42-</link><title>Payment Systems (Oversight) Act - 42 Conditions for provision of assistance</title><description>Conditions for provision of assistance The Authority may provide the assistance referred to in section 44 to a regulatory authority of a foreign country if the Authority is satisf...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr43-</link><title>Payment Systems (Oversight) Act - 43 Other factors to consider for provision of assistance</title><description>Other factors to consider for provision of assistance In deciding whether to grant a request for assistance referred to in section 44 from a regulatory authority of a foreign coun...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr44-</link><title>Payment Systems (Oversight) Act - 44 Assistance that may be rendered</title><description>Assistance that may be rendered Notwithstanding the provisions of any prescribed written law or any requirement imposed thereunder or any rule of law, the Authority or any person ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr45-</link><title>Payment Systems (Oversight) Act - 45 Offences under this Part</title><description>Offences under this Part Any person who — without reasonable excuse refuses or fails to comply with an order under section 44(1)(b ), (c ) or (d ); in purported compliance with an...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr46-</link><title>Payment Systems (Oversight) Act - 46 Immunities</title><description>Immunities No civil or criminal proceedings, other than proceedings for an offence under section 45, shall lie against any person for — furnishing to the Authority or transmitting...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=P1IX-</link><title>Payment Systems (Oversight) Act - Part IX MISCELLANEOUS</title><description>Part IX MISCELLANEOUS</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr47-</link><title>Payment Systems (Oversight) Act - 47 Duty not to provide false or misleading information</title><description>Duty not to provide false or misleading information Any person who provides the Authority with any information under this Act which is false or misleading in any material particul...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr48-</link><title>Payment Systems (Oversight) Act - 48 Publication of certain information</title><description>Publication of certain information The Authority may, from time to time, prepare and publish — consolidated statements aggregating any information provided under this Act; or for ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr49-</link><title>Payment Systems (Oversight) Act - 49 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr51-</link><title>Payment Systems (Oversight) Act - 51 Offences by officers</title><description>Offences by officers Any person, being an officer of — a participant, an operator or a settlement institution of a payment system; a holder of a stored value facility; or an appro...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr52-</link><title>Payment Systems (Oversight) Act - 52 General penalty</title><description>General penalty Any person guilty of an offence under this Act for which no penalty is expressly provided shall be liable on conviction to a fine not exceeding $50,000. SF Act, s....</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr53-</link><title>Payment Systems (Oversight) Act - 53 Exemption</title><description>Exemption The Authority may by regulations, either permanently or for such period as the Authority may think fit, exempt any person or class of persons, any payment system or clas...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr54-</link><title>Payment Systems (Oversight) Act - 54 Opportunity to be heard</title><description>Opportunity to be heard Where this Act provides for a person to be given an opportunity to be heard by the Authority, the Authority may prescribe the manner in which the person sh...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr56-</link><title>Payment Systems (Oversight) Act - 56 Regulations</title><description>Regulations The Authority may make regulations for carrying out the purposes and provisions of this Act. Without prejudice to the generality of subsection (1), the Authority may m...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20181008?ValidDate=20181008&amp;ProvIds=pr58-</link><title>Payment Systems (Oversight) Act - 58 Transitional and savings provisions</title><description>Transitional and savings provisions The Authority may, within 2 years of the date of commencement of this Act, prescribe such transitional and savings provisions as it may conside...</description><pubDate>Tue, 31 Jul 2007 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act 2006 - Long Title</title><description>An Act to provide for the oversight of payment systems and stored value facilities, to make related amendments to the Banking Act (Chapter 19 of the 2003 Revised Edition) and to m...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=aw-</link><title>Payment Systems (Oversight) Act 2006 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1I-</link><title>Payment Systems (Oversight) Act 2006 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act 2006 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment Systems (Oversight) Act 2006 and shall come into operation on such date as the Minister may, by notification in t...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act 2006 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act 2006 - 3 Application of Act</title><description>Application of Act Parts III and IV shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Part VII ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1II-</link><title>Payment Systems (Oversight) Act 2006 - Part II FUNCTIONS AND POWERS OF AUTHORITY</title><description>Part II FUNCTIONS AND POWERS OF AUTHORITY</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr4-</link><title>Payment Systems (Oversight) Act 2006 - 4 Authority to exercise oversight functions in respect of payment systems and stored value facilities</title><description>Authority to exercise oversight functions in respect of payment systems and stored value facilities The Authority shall — exercise oversight functions in respect of payment system...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr5-</link><title>Payment Systems (Oversight) Act 2006 - 5 Authority to have regard to public interest</title><description>Authority to have regard to public interest In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public,...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1III-</link><title>Payment Systems (Oversight) Act 2006 - Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</title><description>Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr6-</link><title>Payment Systems (Oversight) Act 2006 - 6 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require — any participant; any operator or any person acting on behalf of an ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1IV-</link><title>Payment Systems (Oversight) Act 2006 - Part IV DESIGNATION OF PAYMENT SYSTEMS</title><description>Part IV DESIGNATION OF PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr7-</link><title>Payment Systems (Oversight) Act 2006 - 7 Power of Authority to designate payment systems</title><description>Power of Authority to designate payment systems The Authority may, by order published in the Gazette , designate a payment system as a designated payment system for the purposes o...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr8-</link><title>Payment Systems (Oversight) Act 2006 - 8 Prohibition on holding out as designated payment system</title><description>Prohibition on holding out as designated payment system No person shall hold himself out as the operator or settlement institution of a designated payment system unless the paymen...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr9-</link><title>Payment Systems (Oversight) Act 2006 - 9 Annual fees payable by operator of designated payment system</title><description>Annual fees payable by operator of designated payment system Every operator of a designated payment system shall pay to the Authority such annual fees as may be prescribed and in ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr10-</link><title>Payment Systems (Oversight) Act 2006 - 10 Withdrawal of designation of payment system</title><description>Withdrawal of designation of payment system The Authority may, by order published in the Gazette , withdraw the designation of any designated payment system at any time if the Aut...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1V-</link><title>Payment Systems (Oversight) Act 2006 - Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</title><description>Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr11-</link><title>Payment Systems (Oversight) Act 2006 - 11 Obligation of operator to notify Authority of businesses and acquisition of corporations</title><description>Obligation of operator to notify Authority of businesses and acquisition of corporations An operator of a designated payment system shall notify the Authority as soon as practicab...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr12-</link><title>Payment Systems (Oversight) Act 2006 - 12 Obligation of operator and settlement institution to notify Authority of certain events</title><description>Obligation of operator and settlement institution to notify Authority of certain events An operator and a settlement institution of a designated payment system shall notify the Au...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr13-</link><title>Payment Systems (Oversight) Act 2006 - 13 Obligation of operator to submit periodic reports</title><description>Obligation of operator to submit periodic reports An operator of a designated payment system shall submit to the Authority such reports in such form, manner and frequency as the A...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr14-</link><title>Payment Systems (Oversight) Act 2006 - 14 Obligation of operator and settlement institution to appoint auditor</title><description>Obligation of operator and settlement institution to appoint auditor An operator and a settlement institution of a designated payment system shall appoint an auditor to audit the ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act 2006 - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr15-</link><title>Payment Systems (Oversight) Act 2006 - 15 Power of Authority to impose access regime</title><description>Power of Authority to impose access regime The Authority may, by order published in the Gazette , impose an access regime in respect of a designated payment system on the person w...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr16-</link><title>Payment Systems (Oversight) Act 2006 - 16 Variation of access regime</title><description>Variation of access regime The Authority may, by order published in the Gazette , vary an access regime which has been imposed in respect of a designated payment system under sect...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr17-</link><title>Payment Systems (Oversight) Act 2006 - 17 Cessation and revocation of access regime</title><description>Cessation and revocation of access regime An access regime in respect of a designated payment system shall cease to be in force if — the order imposing or varying the access regim...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr18-</link><title>Payment Systems (Oversight) Act 2006 - 18 Right to apply to High Court</title><description>Right to apply to High Court If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr19-</link><title>Payment Systems (Oversight) Act 2006 - 19 Power of Authority to impose conditions or restrictions</title><description>Power of Authority to impose conditions or restrictions The Authority may, by notice in writing, impose on a participant, an operator or a settlement institution of a designated p...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr20-</link><title>Payment Systems (Oversight) Act 2006 - 20 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may, if it thinks — it is necessary or expedient for ensuring the integrity and proper management of a designated paym...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr21-</link><title>Payment Systems (Oversight) Act 2006 - 21 Power of Authority to approve chief executive officer and directors of operator</title><description>Power of Authority to approve chief executive officer and directors of operator No operator of a designated payment system shall appoint a person as its — chief executive officer ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act 2006 - 22 Removal of chief executive officer and directors</title><description>Removal of chief executive officer and directors Where the Authority is satisfied that the chief executive officer or a director of an operator of a designated payment system — ha...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act 2006 - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr24-</link><title>Payment Systems (Oversight) Act 2006 - 24 Approval of applications for substantial shareholding</title><description>Approval of applications for substantial shareholding The Authority may grant its approval referred to in section 23(1) or (2) subject to such conditions or restrictions as the Au...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr25-</link><title>Payment Systems (Oversight) Act 2006 - 25 Contravention of sections 23 and 24</title><description>Contravention of sections 23 and 24 Any person who contravenes section 23(1) or (2) , or any condition or restriction imposed by the Authority under section 24(1) , shall be guilt...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr26-</link><title>Payment Systems (Oversight) Act 2006 - 26 Additional powers of Authority in respect of auditors</title><description>Additional powers of Authority in respect of auditors If an auditor of an operator or a settlement institution of a designated payment system, in the course of the performance of ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr27-</link><title>Payment Systems (Oversight) Act 2006 - 27 Inspection by Authority</title><description>Inspection by Authority The Authority may inspect, under conditions of secrecy, the books of an operator or a settlement institution of a designated payment system. For the purpos...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act 2006 - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1VII-</link><title>Payment Systems (Oversight) Act 2006 - Part VII STORED VALUE FACILITIES</title><description>Part VII STORED VALUE FACILITIES</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr29-</link><title>Payment Systems (Oversight) Act 2006 - 29 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require any holder of a stored value facility to provide to the Authority, wi...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr30-</link><title>Payment Systems (Oversight) Act 2006 - 30 Labelling, etc., of stored value facility</title><description>Labelling, etc., of stored value facility The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely a...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr31-</link><title>Payment Systems (Oversight) Act 2006 - 31 Restriction on soliciting</title><description>Restriction on soliciting No person outside Singapore shall, whether by himself or through any person in Singapore, offer or invite, or issue any advertisement containing any offe...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr32-</link><title>Payment Systems (Oversight) Act 2006 - 32 Prohibition on holding out as approved holder</title><description>Prohibition on holding out as approved holder No person, other than a person who has obtained the approval of the Authority under section 35(1) , shall hold himself out as an appr...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr33-</link><title>Payment Systems (Oversight) Act 2006 - 33 Holding of stored value exceeding prescribed limit</title><description>Holding of stored value exceeding prescribed limit No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored val...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr34-</link><title>Payment Systems (Oversight) Act 2006 - 34 Application for approval</title><description>Application for approval A holder of a stored value facility may apply to the Authority for approval as an approved holder in respect of that stored value facility. An application...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr35-</link><title>Payment Systems (Oversight) Act 2006 - 35 Power of Authority to approve holders and banks</title><description>Power of Authority to approve holders and banks Where, in relation to a stored value facility, a holder has made an application under section 34(1) and a bank in Singapore has mad...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr36-</link><title>Payment Systems (Oversight) Act 2006 - 36 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may issue written directions, either of a general or specific nature, to an approved holder or approved bank if the Au...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr37-</link><title>Payment Systems (Oversight) Act 2006 - 37 Cancellation of approval</title><description>Cancellation of approval An approved holder may apply to the Authority to cancel the approval granted to him under section 35(1) . An approved bank may apply to the Authority to c...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr38-</link><title>Payment Systems (Oversight) Act 2006 - 38 Revocation of approval</title><description>Revocation of approval The Authority may revoke any approval of a holder as an approved holder if the Authority is satisfied that — the holder has contravened any condition or res...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr39-</link><title>Payment Systems (Oversight) Act 2006 - 39 Publication of list of widely accepted stored value facilities</title><description>Publication of list of widely accepted stored value facilities The Authority shall, from time to time, prepare and publish in the Gazette a list of all widely accepted stored valu...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr40-</link><title>Payment Systems (Oversight) Act 2006 - 40 Section 14 of Currency Act not to apply to stored value facilities</title><description>Section 14 of Currency Act not to apply to stored value facilities Section 14 of the Currency Act (Cap. 69) shall not apply to the issue of a stored value facility.</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act 2006 - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr41-</link><title>Payment Systems (Oversight) Act 2006 - 41 Interpretation of this Part</title><description>Interpretation of this Part In this Part, unless the context otherwise requires — enforce means enforce through criminal or administrative proceedings; enforcement means the takin...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr42-</link><title>Payment Systems (Oversight) Act 2006 - 42 Conditions for provision of assistance</title><description>Conditions for provision of assistance The Authority may provide the assistance referred to in section 44 to a regulatory authority of a foreign country if the Authority is satisf...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr43-</link><title>Payment Systems (Oversight) Act 2006 - 43 Other factors to consider for provision of assistance</title><description>Other factors to consider for provision of assistance In deciding whether to grant a request for assistance referred to in section 44 from a regulatory authority of a foreign coun...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr44-</link><title>Payment Systems (Oversight) Act 2006 - 44 Assistance that may be rendered</title><description>Assistance that may be rendered Notwithstanding the provisions of any prescribed written law or any requirement imposed thereunder or any rule of law, the Authority or any person ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr45-</link><title>Payment Systems (Oversight) Act 2006 - 45 Offences under this Part</title><description>Offences under this Part Any person who — without reasonable excuse refuses or fails to comply with an order under section 44(1)(b ) , (c ) or (d ) ; in purported compliance with ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr46-</link><title>Payment Systems (Oversight) Act 2006 - 46 Immunities</title><description>Immunities No civil or criminal proceedings, other than proceedings for an offence under section 45 , shall lie against any person for — furnishing to the Authority or transmittin...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1IX-</link><title>Payment Systems (Oversight) Act 2006 - Part IX MISCELLANEOUS</title><description>Part IX MISCELLANEOUS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr47-</link><title>Payment Systems (Oversight) Act 2006 - 47 Duty not to provide false or misleading information</title><description>Duty not to provide false or misleading information Any person who provides the Authority with any information under this Act which is false or misleading in any material particul...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr48-</link><title>Payment Systems (Oversight) Act 2006 - 48 Publication of certain information</title><description>Publication of certain information The Authority may, from time to time, prepare and publish — consolidated statements aggregating any information provided under this Act; or for ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr49-</link><title>Payment Systems (Oversight) Act 2006 - 49 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act 2006 - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr51-</link><title>Payment Systems (Oversight) Act 2006 - 51 Offences by officers</title><description>Offences by officers Any person, being an officer of — a participant, an operator or a settlement institution of a payment system; a holder of a stored value facility; or an appro...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr52-</link><title>Payment Systems (Oversight) Act 2006 - 52 General penalty</title><description>General penalty Any person guilty of an offence under this Act for which no penalty is expressly provided shall be liable on conviction to a fine not exceeding $50,000.</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr53-</link><title>Payment Systems (Oversight) Act 2006 - 53 Exemption</title><description>Exemption The Authority may by regulations, either permanently or for such period as the Authority may think fit, exempt any person or class of persons, any payment system or clas...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr54-</link><title>Payment Systems (Oversight) Act 2006 - 54 Opportunity to be heard</title><description>Opportunity to be heard Where this Act provides for a person to be given an opportunity to be heard by the Authority, the Authority may prescribe the manner in which the person sh...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act 2006 - 55 Directions and notices not subsidiary legislation</title><description>Directions and notices not subsidiary legislation Any written direction or notice in writing given by the Authority under this Act shall be deemed not to be subsidiary legislation...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr56-</link><title>Payment Systems (Oversight) Act 2006 - 56 Regulations</title><description>Regulations The Authority may make regulations for carrying out the purposes and provisions of this Act. Without prejudice to the generality of subsection (1) , the Authority may ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act 2006 - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr58-</link><title>Payment Systems (Oversight) Act 2006 - 58 Related amendments to Banking Act</title><description>Related amendments to Banking Act The Banking Act (Cap. 19) is amended — by deleting subsections (2) to (5) of section 59 ; and by repealing section 77A .</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr59-</link><title>Payment Systems (Oversight) Act 2006 - 59 Consequential amendment to Companies Act</title><description>Consequential amendment to Companies Act The Companies Act (Cap. 50) is amended by inserting, immediately after the words 41 (1) (b ) of the Insurance Act (Cap. 142) in section 14...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr60-</link><title>Payment Systems (Oversight) Act 2006 - 60 Consequential amendments to Road Traffic Act</title><description>Consequential amendments to Road Traffic Act The Road Traffic Act (Cap. 276) is amended — by deleting paragraph (c \) of section 25(2) and substituting the following paragraph: pr...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr61-</link><title>Payment Systems (Oversight) Act 2006 - 61 Transitional and savings provisions</title><description>Transitional and savings provisions The Authority may, within 2 years of the date of commencement of this Act, prescribe such transitional and savings provisions as it may conside...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act 2006 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act 2006 . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversigh...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act 2006 - Long Title</title><description>An Act to provide for the oversight of payment systems and stored value facilities, to make related amendments to the Banking Act (Chapter 19 of the 2003 Revised Edition) and to m...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1I-</link><title>Payment Systems (Oversight) Act 2006 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act 2006 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment Systems (Oversight) Act 2006 and shall come into operation on such date as the Minister may, by notification in t...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act 2006 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act 2006 - 3 Application of Act</title><description>Application of Act Parts III and IV shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Part VII ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1II-</link><title>Payment Systems (Oversight) Act 2006 - Part II FUNCTIONS AND POWERS OF AUTHORITY</title><description>Part II FUNCTIONS AND POWERS OF AUTHORITY</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr4-</link><title>Payment Systems (Oversight) Act 2006 - 4 Authority to exercise oversight functions in respect of payment systems and stored value facilities</title><description>Authority to exercise oversight functions in respect of payment systems and stored value facilities The Authority shall — exercise oversight functions in respect of payment system...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr5-</link><title>Payment Systems (Oversight) Act 2006 - 5 Authority to have regard to public interest</title><description>Authority to have regard to public interest In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public,...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1III-</link><title>Payment Systems (Oversight) Act 2006 - Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</title><description>Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr6-</link><title>Payment Systems (Oversight) Act 2006 - 6 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require — any participant; any operator or any person acting on behalf of an ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1IV-</link><title>Payment Systems (Oversight) Act 2006 - Part IV DESIGNATION OF PAYMENT SYSTEMS</title><description>Part IV DESIGNATION OF PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr7-</link><title>Payment Systems (Oversight) Act 2006 - 7 Power of Authority to designate payment systems</title><description>Power of Authority to designate payment systems The Authority may, by order published in the Gazette , designate a payment system as a designated payment system for the purposes o...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr8-</link><title>Payment Systems (Oversight) Act 2006 - 8 Prohibition on holding out as designated payment system</title><description>Prohibition on holding out as designated payment system No person shall hold himself out as the operator or settlement institution of a designated payment system unless the paymen...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr9-</link><title>Payment Systems (Oversight) Act 2006 - 9 Annual fees payable by operator of designated payment system</title><description>Annual fees payable by operator of designated payment system Every operator of a designated payment system shall pay to the Authority such annual fees as may be prescribed and in ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr10-</link><title>Payment Systems (Oversight) Act 2006 - 10 Withdrawal of designation of payment system</title><description>Withdrawal of designation of payment system The Authority may, by order published in the Gazette , withdraw the designation of any designated payment system at any time if the Aut...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1V-</link><title>Payment Systems (Oversight) Act 2006 - Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</title><description>Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr11-</link><title>Payment Systems (Oversight) Act 2006 - 11 Obligation of operator to notify Authority of businesses and acquisition of corporations</title><description>Obligation of operator to notify Authority of businesses and acquisition of corporations An operator of a designated payment system shall notify the Authority as soon as practicab...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr12-</link><title>Payment Systems (Oversight) Act 2006 - 12 Obligation of operator and settlement institution to notify Authority of certain events</title><description>Obligation of operator and settlement institution to notify Authority of certain events An operator and a settlement institution of a designated payment system shall notify the Au...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr13-</link><title>Payment Systems (Oversight) Act 2006 - 13 Obligation of operator to submit periodic reports</title><description>Obligation of operator to submit periodic reports An operator of a designated payment system shall submit to the Authority such reports in such form, manner and frequency as the A...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr14-</link><title>Payment Systems (Oversight) Act 2006 - 14 Obligation of operator and settlement institution to appoint auditor</title><description>Obligation of operator and settlement institution to appoint auditor An operator and a settlement institution of a designated payment system shall appoint an auditor to audit the ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act 2006 - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr15-</link><title>Payment Systems (Oversight) Act 2006 - 15 Power of Authority to impose access regime</title><description>Power of Authority to impose access regime The Authority may, by order published in the Gazette , impose an access regime in respect of a designated payment system on the person w...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr16-</link><title>Payment Systems (Oversight) Act 2006 - 16 Variation of access regime</title><description>Variation of access regime The Authority may, by order published in the Gazette , vary an access regime which has been imposed in respect of a designated payment system under sect...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr17-</link><title>Payment Systems (Oversight) Act 2006 - 17 Cessation and revocation of access regime</title><description>Cessation and revocation of access regime An access regime in respect of a designated payment system shall cease to be in force if — the order imposing or varying the access regim...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr18-</link><title>Payment Systems (Oversight) Act 2006 - 18 Right to apply to High Court</title><description>Right to apply to High Court If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr19-</link><title>Payment Systems (Oversight) Act 2006 - 19 Power of Authority to impose conditions or restrictions</title><description>Power of Authority to impose conditions or restrictions The Authority may, by notice in writing, impose on a participant, an operator or a settlement institution of a designated p...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr20-</link><title>Payment Systems (Oversight) Act 2006 - 20 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may, if it thinks — it is necessary or expedient for ensuring the integrity and proper management of a designated paym...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr21-</link><title>Payment Systems (Oversight) Act 2006 - 21 Power of Authority to approve chief executive officer and directors of operator</title><description>Power of Authority to approve chief executive officer and directors of operator No operator of a designated payment system shall appoint a person as its — chief executive officer ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act 2006 - 22 Removal of chief executive officer and directors</title><description>Removal of chief executive officer and directors Where the Authority is satisfied that the chief executive officer or a director of an operator of a designated payment system — ha...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act 2006 - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr24-</link><title>Payment Systems (Oversight) Act 2006 - 24 Approval of applications for substantial shareholding</title><description>Approval of applications for substantial shareholding The Authority may grant its approval referred to in section 23(1) or (2) subject to such conditions or restrictions as the Au...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr25-</link><title>Payment Systems (Oversight) Act 2006 - 25 Contravention of sections 23 and 24</title><description>Contravention of sections 23 and 24 Any person who contravenes section 23(1) or (2) , or any condition or restriction imposed by the Authority under section 24(1) , shall be guilt...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr26-</link><title>Payment Systems (Oversight) Act 2006 - 26 Additional powers of Authority in respect of auditors</title><description>Additional powers of Authority in respect of auditors If an auditor of an operator or a settlement institution of a designated payment system, in the course of the performance of ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr27-</link><title>Payment Systems (Oversight) Act 2006 - 27 Inspection by Authority</title><description>Inspection by Authority The Authority may inspect, under conditions of secrecy, the books of an operator or a settlement institution of a designated payment system. For the purpos...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act 2006 - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1VII-</link><title>Payment Systems (Oversight) Act 2006 - Part VII STORED VALUE FACILITIES</title><description>Part VII STORED VALUE FACILITIES</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr29-</link><title>Payment Systems (Oversight) Act 2006 - 29 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require any holder of a stored value facility to provide to the Authority, wi...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr30-</link><title>Payment Systems (Oversight) Act 2006 - 30 Labelling, etc., of stored value facility</title><description>Labelling, etc., of stored value facility The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely a...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr31-</link><title>Payment Systems (Oversight) Act 2006 - 31 Restriction on soliciting</title><description>Restriction on soliciting No person outside Singapore shall, whether by himself or through any person in Singapore, offer or invite, or issue any advertisement containing any offe...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr32-</link><title>Payment Systems (Oversight) Act 2006 - 32 Prohibition on holding out as approved holder</title><description>Prohibition on holding out as approved holder No person, other than a person who has obtained the approval of the Authority under section 35(1) , shall hold himself out as an appr...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr33-</link><title>Payment Systems (Oversight) Act 2006 - 33 Holding of stored value exceeding prescribed limit</title><description>Holding of stored value exceeding prescribed limit No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored val...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr34-</link><title>Payment Systems (Oversight) Act 2006 - 34 Application for approval</title><description>Application for approval A holder of a stored value facility may apply to the Authority for approval as an approved holder in respect of that stored value facility. An application...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr35-</link><title>Payment Systems (Oversight) Act 2006 - 35 Power of Authority to approve holders and banks</title><description>Power of Authority to approve holders and banks Where, in relation to a stored value facility, a holder has made an application under section 34(1) and a bank in Singapore has mad...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr36-</link><title>Payment Systems (Oversight) Act 2006 - 36 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may issue written directions, either of a general or specific nature, to an approved holder or approved bank if the Au...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr37-</link><title>Payment Systems (Oversight) Act 2006 - 37 Cancellation of approval</title><description>Cancellation of approval An approved holder may apply to the Authority to cancel the approval granted to him under section 35(1) . An approved bank may apply to the Authority to c...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr38-</link><title>Payment Systems (Oversight) Act 2006 - 38 Revocation of approval</title><description>Revocation of approval The Authority may revoke any approval of a holder as an approved holder if the Authority is satisfied that — the holder has contravened any condition or res...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr39-</link><title>Payment Systems (Oversight) Act 2006 - 39 Publication of list of widely accepted stored value facilities</title><description>Publication of list of widely accepted stored value facilities The Authority shall, from time to time, prepare and publish in the Gazette a list of all widely accepted stored valu...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr40-</link><title>Payment Systems (Oversight) Act 2006 - 40 Section 14 of Currency Act not to apply to stored value facilities</title><description>Section 14 of Currency Act not to apply to stored value facilities Section 14 of the Currency Act (Cap. 69) shall not apply to the issue of a stored value facility.</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act 2006 - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr41-</link><title>Payment Systems (Oversight) Act 2006 - 41 Interpretation of this Part</title><description>Interpretation of this Part In this Part, unless the context otherwise requires — enforce means enforce through criminal or administrative proceedings; enforcement means the takin...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr42-</link><title>Payment Systems (Oversight) Act 2006 - 42 Conditions for provision of assistance</title><description>Conditions for provision of assistance The Authority may provide the assistance referred to in section 44 to a regulatory authority of a foreign country if the Authority is satisf...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr43-</link><title>Payment Systems (Oversight) Act 2006 - 43 Other factors to consider for provision of assistance</title><description>Other factors to consider for provision of assistance In deciding whether to grant a request for assistance referred to in section 44 from a regulatory authority of a foreign coun...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr44-</link><title>Payment Systems (Oversight) Act 2006 - 44 Assistance that may be rendered</title><description>Assistance that may be rendered Notwithstanding the provisions of any prescribed written law or any requirement imposed thereunder or any rule of law, the Authority or any person ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr45-</link><title>Payment Systems (Oversight) Act 2006 - 45 Offences under this Part</title><description>Offences under this Part Any person who — without reasonable excuse refuses or fails to comply with an order under section 44(1)(b ) , (c ) or (d ) ; in purported compliance with ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr46-</link><title>Payment Systems (Oversight) Act 2006 - 46 Immunities</title><description>Immunities No civil or criminal proceedings, other than proceedings for an offence under section 45 , shall lie against any person for — furnishing to the Authority or transmittin...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=P1IX-</link><title>Payment Systems (Oversight) Act 2006 - Part IX MISCELLANEOUS</title><description>Part IX MISCELLANEOUS</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr47-</link><title>Payment Systems (Oversight) Act 2006 - 47 Duty not to provide false or misleading information</title><description>Duty not to provide false or misleading information Any person who provides the Authority with any information under this Act which is false or misleading in any material particul...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr48-</link><title>Payment Systems (Oversight) Act 2006 - 48 Publication of certain information</title><description>Publication of certain information The Authority may, from time to time, prepare and publish — consolidated statements aggregating any information provided under this Act; or for ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr49-</link><title>Payment Systems (Oversight) Act 2006 - 49 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act 2006 - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr51-</link><title>Payment Systems (Oversight) Act 2006 - 51 Offences by officers</title><description>Offences by officers Any person, being an officer of — a participant, an operator or a settlement institution of a payment system; a holder of a stored value facility; or an appro...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr52-</link><title>Payment Systems (Oversight) Act 2006 - 52 General penalty</title><description>General penalty Any person guilty of an offence under this Act for which no penalty is expressly provided shall be liable on conviction to a fine not exceeding $50,000.</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr53-</link><title>Payment Systems (Oversight) Act 2006 - 53 Exemption</title><description>Exemption The Authority may by regulations, either permanently or for such period as the Authority may think fit, exempt any person or class of persons, any payment system or clas...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr54-</link><title>Payment Systems (Oversight) Act 2006 - 54 Opportunity to be heard</title><description>Opportunity to be heard Where this Act provides for a person to be given an opportunity to be heard by the Authority, the Authority may prescribe the manner in which the person sh...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act 2006 - 55 Directions and notices not subsidiary legislation</title><description>Directions and notices not subsidiary legislation Any written direction or notice in writing given by the Authority under this Act shall be deemed not to be subsidiary legislation...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr56-</link><title>Payment Systems (Oversight) Act 2006 - 56 Regulations</title><description>Regulations The Authority may make regulations for carrying out the purposes and provisions of this Act. Without prejudice to the generality of subsection (1) , the Authority may ...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act 2006 - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr61-</link><title>Payment Systems (Oversight) Act 2006 - 61 Transitional and savings provisions</title><description>Transitional and savings provisions The Authority may, within 2 years of the date of commencement of this Act, prescribe such transitional and savings provisions as it may conside...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act 2006 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act 2006 . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversigh...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=aw-</link><title>Payment Systems (Oversight) Act 2006 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr58-</link><title>Payment Systems (Oversight) Act 2006 - 58 Related amendments to Banking Act</title><description>Related amendments to Banking Act The Banking Act (Cap. 19) is amended — by deleting subsections (2) to (5) of section 59 ; and by repealing section 77A .</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr59-</link><title>Payment Systems (Oversight) Act 2006 - 59 Consequential amendment to Companies Act</title><description>Consequential amendment to Companies Act The Companies Act (Cap. 50) is amended by inserting, immediately after the words 41 (1) (b ) of the Insurance Act (Cap. 142) in section 14...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Act/PSOA2006/Historical/20060623?ValidDate=20060623&amp;ProvIds=pr60-</link><title>Payment Systems (Oversight) Act 2006 - 60 Consequential amendments to Road Traffic Act</title><description>Consequential amendments to Road Traffic Act The Road Traffic Act (Cap. 276) is amended — by deleting paragraph (c \) of section 25(2) and substituting the following paragraph: pr...</description><pubDate>Fri, 23 Jun 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act 2006 - Long Title</title><description>An Act to provide for the oversight of payment systems and stored value facilities, to make related amendments to the Banking Act (Chapter 19 of the 2003 Revised Edition) and to m...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=aw-</link><title>Payment Systems (Oversight) Act 2006 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1I-</link><title>Payment Systems (Oversight) Act 2006 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act 2006 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment Systems (Oversight) Act 2006 and shall come into operation on such date as the Minister may, by notification in t...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act 2006 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act 2006 - 3 Application of Act</title><description>Application of Act Parts III and IV shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Part VII ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1II-</link><title>Payment Systems (Oversight) Act 2006 - Part II FUNCTIONS AND POWERS OF AUTHORITY</title><description>Part II FUNCTIONS AND POWERS OF AUTHORITY</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr4-</link><title>Payment Systems (Oversight) Act 2006 - 4 Authority to exercise oversight functions in respect of payment systems and stored value facilities</title><description>Authority to exercise oversight functions in respect of payment systems and stored value facilities The Authority shall — exercise oversight functions in respect of payment system...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr5-</link><title>Payment Systems (Oversight) Act 2006 - 5 Authority to have regard to public interest</title><description>Authority to have regard to public interest In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public,...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1III-</link><title>Payment Systems (Oversight) Act 2006 - Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</title><description>Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr6-</link><title>Payment Systems (Oversight) Act 2006 - 6 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require — any participant; any operator or any person acting on behalf of an ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1IV-</link><title>Payment Systems (Oversight) Act 2006 - Part IV DESIGNATION OF PAYMENT SYSTEMS</title><description>Part IV DESIGNATION OF PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr7-</link><title>Payment Systems (Oversight) Act 2006 - 7 Power of Authority to designate payment systems</title><description>Power of Authority to designate payment systems The Authority may, by order published in the Gazette , designate a payment system as a designated payment system for the purposes o...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr8-</link><title>Payment Systems (Oversight) Act 2006 - 8 Prohibition on holding out as designated payment system</title><description>Prohibition on holding out as designated payment system No person shall hold himself out as the operator or settlement institution of a designated payment system unless the paymen...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr9-</link><title>Payment Systems (Oversight) Act 2006 - 9 Annual fees payable by operator of designated payment system</title><description>Annual fees payable by operator of designated payment system Every operator of a designated payment system shall pay to the Authority such annual fees as may be prescribed and in ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr10-</link><title>Payment Systems (Oversight) Act 2006 - 10 Withdrawal of designation of payment system</title><description>Withdrawal of designation of payment system The Authority may, by order published in the Gazette , withdraw the designation of any designated payment system at any time if the Aut...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1V-</link><title>Payment Systems (Oversight) Act 2006 - Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</title><description>Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr11-</link><title>Payment Systems (Oversight) Act 2006 - 11 Obligation of operator to notify Authority of businesses and acquisition of corporations</title><description>Obligation of operator to notify Authority of businesses and acquisition of corporations An operator of a designated payment system shall notify the Authority as soon as practicab...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr12-</link><title>Payment Systems (Oversight) Act 2006 - 12 Obligation of operator and settlement institution to notify Authority of certain events</title><description>Obligation of operator and settlement institution to notify Authority of certain events An operator and a settlement institution of a designated payment system shall notify the Au...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr13-</link><title>Payment Systems (Oversight) Act 2006 - 13 Obligation of operator to submit periodic reports</title><description>Obligation of operator to submit periodic reports An operator of a designated payment system shall submit to the Authority such reports in such form, manner and frequency as the A...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr14-</link><title>Payment Systems (Oversight) Act 2006 - 14 Obligation of operator and settlement institution to appoint auditor</title><description>Obligation of operator and settlement institution to appoint auditor An operator and a settlement institution of a designated payment system shall appoint an auditor to audit the ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act 2006 - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr15-</link><title>Payment Systems (Oversight) Act 2006 - 15 Power of Authority to impose access regime</title><description>Power of Authority to impose access regime The Authority may, by order published in the Gazette , impose an access regime in respect of a designated payment system on the person w...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr16-</link><title>Payment Systems (Oversight) Act 2006 - 16 Variation of access regime</title><description>Variation of access regime The Authority may, by order published in the Gazette , vary an access regime which has been imposed in respect of a designated payment system under sect...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr17-</link><title>Payment Systems (Oversight) Act 2006 - 17 Cessation and revocation of access regime</title><description>Cessation and revocation of access regime An access regime in respect of a designated payment system shall cease to be in force if — the order imposing or varying the access regim...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr18-</link><title>Payment Systems (Oversight) Act 2006 - 18 Right to apply to High Court</title><description>Right to apply to High Court If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr19-</link><title>Payment Systems (Oversight) Act 2006 - 19 Power of Authority to impose conditions or restrictions</title><description>Power of Authority to impose conditions or restrictions The Authority may, by notice in writing, impose on a participant, an operator or a settlement institution of a designated p...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr20-</link><title>Payment Systems (Oversight) Act 2006 - 20 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may, if it thinks — it is necessary or expedient for ensuring the integrity and proper management of a designated paym...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr21-</link><title>Payment Systems (Oversight) Act 2006 - 21 Power of Authority to approve chief executive officer and directors of operator</title><description>Power of Authority to approve chief executive officer and directors of operator No operator of a designated payment system shall appoint a person as its — chief executive officer ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act 2006 - 22 Removal of chief executive officer and directors</title><description>Removal of chief executive officer and directors Where the Authority is satisfied that the chief executive officer or a director of an operator of a designated payment system — ha...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act 2006 - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr24-</link><title>Payment Systems (Oversight) Act 2006 - 24 Approval of applications for substantial shareholding</title><description>Approval of applications for substantial shareholding The Authority may grant its approval referred to in section 23(1) or (2) subject to such conditions or restrictions as the Au...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr25-</link><title>Payment Systems (Oversight) Act 2006 - 25 Contravention of sections 23 and 24</title><description>Contravention of sections 23 and 24 Any person who contravenes section 23(1) or (2) , or any condition or restriction imposed by the Authority under section 24(1) , shall be guilt...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr26-</link><title>Payment Systems (Oversight) Act 2006 - 26 Additional powers of Authority in respect of auditors</title><description>Additional powers of Authority in respect of auditors If an auditor of an operator or a settlement institution of a designated payment system, in the course of the performance of ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr27-</link><title>Payment Systems (Oversight) Act 2006 - 27 Inspection by Authority</title><description>Inspection by Authority The Authority may inspect, under conditions of secrecy, the books of an operator or a settlement institution of a designated payment system. For the purpos...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act 2006 - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1VII-</link><title>Payment Systems (Oversight) Act 2006 - Part VII STORED VALUE FACILITIES</title><description>Part VII STORED VALUE FACILITIES</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr29-</link><title>Payment Systems (Oversight) Act 2006 - 29 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require any holder of a stored value facility to provide to the Authority, wi...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr30-</link><title>Payment Systems (Oversight) Act 2006 - 30 Labelling, etc., of stored value facility</title><description>Labelling, etc., of stored value facility The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely a...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr31-</link><title>Payment Systems (Oversight) Act 2006 - 31 Restriction on soliciting</title><description>Restriction on soliciting No person outside Singapore shall, whether by himself or through any person in Singapore, offer or invite, or issue any advertisement containing any offe...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr32-</link><title>Payment Systems (Oversight) Act 2006 - 32 Prohibition on holding out as approved holder</title><description>Prohibition on holding out as approved holder No person, other than a person who has obtained the approval of the Authority under section 35(1) , shall hold himself out as an appr...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr33-</link><title>Payment Systems (Oversight) Act 2006 - 33 Holding of stored value exceeding prescribed limit</title><description>Holding of stored value exceeding prescribed limit No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored val...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr34-</link><title>Payment Systems (Oversight) Act 2006 - 34 Application for approval</title><description>Application for approval A holder of a stored value facility may apply to the Authority for approval as an approved holder in respect of that stored value facility. An application...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr35-</link><title>Payment Systems (Oversight) Act 2006 - 35 Power of Authority to approve holders and banks</title><description>Power of Authority to approve holders and banks Where, in relation to a stored value facility, a holder has made an application under section 34(1) and a bank in Singapore has mad...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr36-</link><title>Payment Systems (Oversight) Act 2006 - 36 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may issue written directions, either of a general or specific nature, to an approved holder or approved bank if the Au...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr37-</link><title>Payment Systems (Oversight) Act 2006 - 37 Cancellation of approval</title><description>Cancellation of approval An approved holder may apply to the Authority to cancel the approval granted to him under section 35(1) . An approved bank may apply to the Authority to c...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr38-</link><title>Payment Systems (Oversight) Act 2006 - 38 Revocation of approval</title><description>Revocation of approval The Authority may revoke any approval of a holder as an approved holder if the Authority is satisfied that — the holder has contravened any condition or res...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr39-</link><title>Payment Systems (Oversight) Act 2006 - 39 Publication of list of widely accepted stored value facilities</title><description>Publication of list of widely accepted stored value facilities The Authority shall, from time to time, prepare and publish in the Gazette a list of all widely accepted stored valu...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr40-</link><title>Payment Systems (Oversight) Act 2006 - 40 Section 14 of Currency Act not to apply to stored value facilities</title><description>Section 14 of Currency Act not to apply to stored value facilities Section 14 of the Currency Act (Cap. 69) shall not apply to the issue of a stored value facility.</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act 2006 - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr41-</link><title>Payment Systems (Oversight) Act 2006 - 41 Interpretation of this Part</title><description>Interpretation of this Part In this Part, unless the context otherwise requires — enforce means enforce through criminal or administrative proceedings; enforcement means the takin...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr42-</link><title>Payment Systems (Oversight) Act 2006 - 42 Conditions for provision of assistance</title><description>Conditions for provision of assistance The Authority may provide the assistance referred to in section 44 to a regulatory authority of a foreign country if the Authority is satisf...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr43-</link><title>Payment Systems (Oversight) Act 2006 - 43 Other factors to consider for provision of assistance</title><description>Other factors to consider for provision of assistance In deciding whether to grant a request for assistance referred to in section 44 from a regulatory authority of a foreign coun...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr44-</link><title>Payment Systems (Oversight) Act 2006 - 44 Assistance that may be rendered</title><description>Assistance that may be rendered Notwithstanding the provisions of any prescribed written law or any requirement imposed thereunder or any rule of law, the Authority or any person ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr45-</link><title>Payment Systems (Oversight) Act 2006 - 45 Offences under this Part</title><description>Offences under this Part Any person who — without reasonable excuse refuses or fails to comply with an order under section 44(1)(b ) , (c ) or (d ) ; in purported compliance with ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr46-</link><title>Payment Systems (Oversight) Act 2006 - 46 Immunities</title><description>Immunities No civil or criminal proceedings, other than proceedings for an offence under section 45 , shall lie against any person for — furnishing to the Authority or transmittin...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1IX-</link><title>Payment Systems (Oversight) Act 2006 - Part IX MISCELLANEOUS</title><description>Part IX MISCELLANEOUS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr47-</link><title>Payment Systems (Oversight) Act 2006 - 47 Duty not to provide false or misleading information</title><description>Duty not to provide false or misleading information Any person who provides the Authority with any information under this Act which is false or misleading in any material particul...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr48-</link><title>Payment Systems (Oversight) Act 2006 - 48 Publication of certain information</title><description>Publication of certain information The Authority may, from time to time, prepare and publish — consolidated statements aggregating any information provided under this Act; or for ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr49-</link><title>Payment Systems (Oversight) Act 2006 - 49 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act 2006 - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr51-</link><title>Payment Systems (Oversight) Act 2006 - 51 Offences by officers</title><description>Offences by officers Any person, being an officer of — a participant, an operator or a settlement institution of a payment system; a holder of a stored value facility; or an appro...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr52-</link><title>Payment Systems (Oversight) Act 2006 - 52 General penalty</title><description>General penalty Any person guilty of an offence under this Act for which no penalty is expressly provided shall be liable on conviction to a fine not exceeding $50,000.</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr53-</link><title>Payment Systems (Oversight) Act 2006 - 53 Exemption</title><description>Exemption The Authority may by regulations, either permanently or for such period as the Authority may think fit, exempt any person or class of persons, any payment system or clas...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr54-</link><title>Payment Systems (Oversight) Act 2006 - 54 Opportunity to be heard</title><description>Opportunity to be heard Where this Act provides for a person to be given an opportunity to be heard by the Authority, the Authority may prescribe the manner in which the person sh...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act 2006 - 55 Directions and notices not subsidiary legislation</title><description>Directions and notices not subsidiary legislation Any written direction or notice in writing given by the Authority under this Act shall be deemed not to be subsidiary legislation...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr56-</link><title>Payment Systems (Oversight) Act 2006 - 56 Regulations</title><description>Regulations The Authority may make regulations for carrying out the purposes and provisions of this Act. Without prejudice to the generality of subsection (1) , the Authority may ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act 2006 - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr58-</link><title>Payment Systems (Oversight) Act 2006 - 58 Related amendments to Banking Act</title><description>Related amendments to Banking Act The Banking Act (Cap. 19) is amended — by deleting subsections (2) to (5) of section 59 ; and by repealing section 77A .</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr59-</link><title>Payment Systems (Oversight) Act 2006 - 59 Consequential amendment to Companies Act</title><description>Consequential amendment to Companies Act The Companies Act (Cap. 50) is amended by inserting, immediately after the words 41 (1) (b ) of the Insurance Act (Cap. 142) in section 14...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr60-</link><title>Payment Systems (Oversight) Act 2006 - 60 Consequential amendments to Road Traffic Act</title><description>Consequential amendments to Road Traffic Act The Road Traffic Act (Cap. 276) is amended — by deleting paragraph (c \) of section 25(2) and substituting the following paragraph: pr...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr61-</link><title>Payment Systems (Oversight) Act 2006 - 61 Transitional and savings provisions</title><description>Transitional and savings provisions The Authority may, within 2 years of the date of commencement of this Act, prescribe such transitional and savings provisions as it may conside...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act 2006 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act 2006 . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversigh...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=al-</link><title>Payment Systems (Oversight) Act 2006 - Long Title</title><description>An Act to provide for the oversight of payment systems and stored value facilities, to make related amendments to the Banking Act (Chapter 19 of the 2003 Revised Edition) and to m...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1I-</link><title>Payment Systems (Oversight) Act 2006 - Part I PRELIMINARY</title><description>Part I PRELIMINARY</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr1-</link><title>Payment Systems (Oversight) Act 2006 - 1 Short title and commencement</title><description>Short title and commencement This Act may be cited as the Payment Systems (Oversight) Act 2006 and shall come into operation on such date as the Minister may, by notification in t...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr2-</link><title>Payment Systems (Oversight) Act 2006 - 2 Interpretation</title><description>Interpretation In this Act, unless the context otherwise requires — access , in relation to a designated payment system, means the entitlement or eligibility of a person to become...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr3-</link><title>Payment Systems (Oversight) Act 2006 - 3 Application of Act</title><description>Application of Act Parts III and IV shall not apply to the Authority in its capacity as — a participant; an operator; or a settlement institution, of any payment system. Part VII ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1II-</link><title>Payment Systems (Oversight) Act 2006 - Part II FUNCTIONS AND POWERS OF AUTHORITY</title><description>Part II FUNCTIONS AND POWERS OF AUTHORITY</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr4-</link><title>Payment Systems (Oversight) Act 2006 - 4 Authority to exercise oversight functions in respect of payment systems and stored value facilities</title><description>Authority to exercise oversight functions in respect of payment systems and stored value facilities The Authority shall — exercise oversight functions in respect of payment system...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr5-</link><title>Payment Systems (Oversight) Act 2006 - 5 Authority to have regard to public interest</title><description>Authority to have regard to public interest In exercising its powers in relation to payment systems under this Act, the Authority shall have regard to the interests of the public,...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1III-</link><title>Payment Systems (Oversight) Act 2006 - Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</title><description>Part III INFORMATION GATHERING POWERS OVER PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr6-</link><title>Payment Systems (Oversight) Act 2006 - 6 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require — any participant; any operator or any person acting on behalf of an ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1IV-</link><title>Payment Systems (Oversight) Act 2006 - Part IV DESIGNATION OF PAYMENT SYSTEMS</title><description>Part IV DESIGNATION OF PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr7-</link><title>Payment Systems (Oversight) Act 2006 - 7 Power of Authority to designate payment systems</title><description>Power of Authority to designate payment systems The Authority may, by order published in the Gazette , designate a payment system as a designated payment system for the purposes o...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr8-</link><title>Payment Systems (Oversight) Act 2006 - 8 Prohibition on holding out as designated payment system</title><description>Prohibition on holding out as designated payment system No person shall hold himself out as the operator or settlement institution of a designated payment system unless the paymen...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr9-</link><title>Payment Systems (Oversight) Act 2006 - 9 Annual fees payable by operator of designated payment system</title><description>Annual fees payable by operator of designated payment system Every operator of a designated payment system shall pay to the Authority such annual fees as may be prescribed and in ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr10-</link><title>Payment Systems (Oversight) Act 2006 - 10 Withdrawal of designation of payment system</title><description>Withdrawal of designation of payment system The Authority may, by order published in the Gazette , withdraw the designation of any designated payment system at any time if the Aut...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1V-</link><title>Payment Systems (Oversight) Act 2006 - Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</title><description>Part V OBLIGATIONS OF OPERATORS AND SETTLEMENT INSTITUTIONS OF DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr11-</link><title>Payment Systems (Oversight) Act 2006 - 11 Obligation of operator to notify Authority of businesses and acquisition of corporations</title><description>Obligation of operator to notify Authority of businesses and acquisition of corporations An operator of a designated payment system shall notify the Authority as soon as practicab...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr12-</link><title>Payment Systems (Oversight) Act 2006 - 12 Obligation of operator and settlement institution to notify Authority of certain events</title><description>Obligation of operator and settlement institution to notify Authority of certain events An operator and a settlement institution of a designated payment system shall notify the Au...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr13-</link><title>Payment Systems (Oversight) Act 2006 - 13 Obligation of operator to submit periodic reports</title><description>Obligation of operator to submit periodic reports An operator of a designated payment system shall submit to the Authority such reports in such form, manner and frequency as the A...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr14-</link><title>Payment Systems (Oversight) Act 2006 - 14 Obligation of operator and settlement institution to appoint auditor</title><description>Obligation of operator and settlement institution to appoint auditor An operator and a settlement institution of a designated payment system shall appoint an auditor to audit the ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1VI-</link><title>Payment Systems (Oversight) Act 2006 - Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</title><description>Part VI OVERSIGHT POWERS OVER DESIGNATED PAYMENT SYSTEMS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr15-</link><title>Payment Systems (Oversight) Act 2006 - 15 Power of Authority to impose access regime</title><description>Power of Authority to impose access regime The Authority may, by order published in the Gazette , impose an access regime in respect of a designated payment system on the person w...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr16-</link><title>Payment Systems (Oversight) Act 2006 - 16 Variation of access regime</title><description>Variation of access regime The Authority may, by order published in the Gazette , vary an access regime which has been imposed in respect of a designated payment system under sect...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr17-</link><title>Payment Systems (Oversight) Act 2006 - 17 Cessation and revocation of access regime</title><description>Cessation and revocation of access regime An access regime in respect of a designated payment system shall cease to be in force if — the order imposing or varying the access regim...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr18-</link><title>Payment Systems (Oversight) Act 2006 - 18 Right to apply to High Court</title><description>Right to apply to High Court If a person has been denied access to a designated payment system by the person who determines access to the designated payment system, regardless of ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr19-</link><title>Payment Systems (Oversight) Act 2006 - 19 Power of Authority to impose conditions or restrictions</title><description>Power of Authority to impose conditions or restrictions The Authority may, by notice in writing, impose on a participant, an operator or a settlement institution of a designated p...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr20-</link><title>Payment Systems (Oversight) Act 2006 - 20 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may, if it thinks — it is necessary or expedient for ensuring the integrity and proper management of a designated paym...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr21-</link><title>Payment Systems (Oversight) Act 2006 - 21 Power of Authority to approve chief executive officer and directors of operator</title><description>Power of Authority to approve chief executive officer and directors of operator No operator of a designated payment system shall appoint a person as its — chief executive officer ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr22-</link><title>Payment Systems (Oversight) Act 2006 - 22 Removal of chief executive officer and directors</title><description>Removal of chief executive officer and directors Where the Authority is satisfied that the chief executive officer or a director of an operator of a designated payment system — ha...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr23-</link><title>Payment Systems (Oversight) Act 2006 - 23 Control of substantial shareholding in operator</title><description>Control of substantial shareholding in operator No person shall enter into any agreement to acquire shares in an operator of a designated payment system by virtue of which he woul...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr24-</link><title>Payment Systems (Oversight) Act 2006 - 24 Approval of applications for substantial shareholding</title><description>Approval of applications for substantial shareholding The Authority may grant its approval referred to in section 23(1) or (2) subject to such conditions or restrictions as the Au...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr25-</link><title>Payment Systems (Oversight) Act 2006 - 25 Contravention of sections 23 and 24</title><description>Contravention of sections 23 and 24 Any person who contravenes section 23(1) or (2) , or any condition or restriction imposed by the Authority under section 24(1) , shall be guilt...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr26-</link><title>Payment Systems (Oversight) Act 2006 - 26 Additional powers of Authority in respect of auditors</title><description>Additional powers of Authority in respect of auditors If an auditor of an operator or a settlement institution of a designated payment system, in the course of the performance of ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr27-</link><title>Payment Systems (Oversight) Act 2006 - 27 Inspection by Authority</title><description>Inspection by Authority The Authority may inspect, under conditions of secrecy, the books of an operator or a settlement institution of a designated payment system. For the purpos...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr28-</link><title>Payment Systems (Oversight) Act 2006 - 28 Emergency powers of Authority</title><description>Emergency powers of Authority Where the Authority has reason to believe that an emergency exists, or thinks that it is necessary or expedient in the interests of the public or a s...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1VII-</link><title>Payment Systems (Oversight) Act 2006 - Part VII STORED VALUE FACILITIES</title><description>Part VII STORED VALUE FACILITIES</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr29-</link><title>Payment Systems (Oversight) Act 2006 - 29 Provision of information to Authority</title><description>Provision of information to Authority The Authority may, by notice in the form and manner prescribed, require any holder of a stored value facility to provide to the Authority, wi...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr30-</link><title>Payment Systems (Oversight) Act 2006 - 30 Labelling, etc., of stored value facility</title><description>Labelling, etc., of stored value facility The Authority may by regulations made under section 56 impose requirements for securing that stored value facilities, other than widely a...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr31-</link><title>Payment Systems (Oversight) Act 2006 - 31 Restriction on soliciting</title><description>Restriction on soliciting No person outside Singapore shall, whether by himself or through any person in Singapore, offer or invite, or issue any advertisement containing any offe...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr32-</link><title>Payment Systems (Oversight) Act 2006 - 32 Prohibition on holding out as approved holder</title><description>Prohibition on holding out as approved holder No person, other than a person who has obtained the approval of the Authority under section 35(1) , shall hold himself out as an appr...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr33-</link><title>Payment Systems (Oversight) Act 2006 - 33 Holding of stored value exceeding prescribed limit</title><description>Holding of stored value exceeding prescribed limit No person shall directly or indirectly, alone or together with any person over whom he has control or influence, hold stored val...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr34-</link><title>Payment Systems (Oversight) Act 2006 - 34 Application for approval</title><description>Application for approval A holder of a stored value facility may apply to the Authority for approval as an approved holder in respect of that stored value facility. An application...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr35-</link><title>Payment Systems (Oversight) Act 2006 - 35 Power of Authority to approve holders and banks</title><description>Power of Authority to approve holders and banks Where, in relation to a stored value facility, a holder has made an application under section 34(1) and a bank in Singapore has mad...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr36-</link><title>Payment Systems (Oversight) Act 2006 - 36 Power of Authority to issue written directions</title><description>Power of Authority to issue written directions The Authority may issue written directions, either of a general or specific nature, to an approved holder or approved bank if the Au...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr37-</link><title>Payment Systems (Oversight) Act 2006 - 37 Cancellation of approval</title><description>Cancellation of approval An approved holder may apply to the Authority to cancel the approval granted to him under section 35(1) . An approved bank may apply to the Authority to c...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr38-</link><title>Payment Systems (Oversight) Act 2006 - 38 Revocation of approval</title><description>Revocation of approval The Authority may revoke any approval of a holder as an approved holder if the Authority is satisfied that — the holder has contravened any condition or res...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr39-</link><title>Payment Systems (Oversight) Act 2006 - 39 Publication of list of widely accepted stored value facilities</title><description>Publication of list of widely accepted stored value facilities The Authority shall, from time to time, prepare and publish in the Gazette a list of all widely accepted stored valu...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr40-</link><title>Payment Systems (Oversight) Act 2006 - 40 Section 14 of Currency Act not to apply to stored value facilities</title><description>Section 14 of Currency Act not to apply to stored value facilities Section 14 of the Currency Act (Cap. 69) shall not apply to the issue of a stored value facility.</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1VIII-</link><title>Payment Systems (Oversight) Act 2006 - Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</title><description>Part VIII ASSISTANCE TO FOREIGN REGULATORY AUTHORITIES</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr41-</link><title>Payment Systems (Oversight) Act 2006 - 41 Interpretation of this Part</title><description>Interpretation of this Part In this Part, unless the context otherwise requires — enforce means enforce through criminal or administrative proceedings; enforcement means the takin...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr42-</link><title>Payment Systems (Oversight) Act 2006 - 42 Conditions for provision of assistance</title><description>Conditions for provision of assistance The Authority may provide the assistance referred to in section 44 to a regulatory authority of a foreign country if the Authority is satisf...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr43-</link><title>Payment Systems (Oversight) Act 2006 - 43 Other factors to consider for provision of assistance</title><description>Other factors to consider for provision of assistance In deciding whether to grant a request for assistance referred to in section 44 from a regulatory authority of a foreign coun...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr44-</link><title>Payment Systems (Oversight) Act 2006 - 44 Assistance that may be rendered</title><description>Assistance that may be rendered Notwithstanding the provisions of any prescribed written law or any requirement imposed thereunder or any rule of law, the Authority or any person ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr45-</link><title>Payment Systems (Oversight) Act 2006 - 45 Offences under this Part</title><description>Offences under this Part Any person who — without reasonable excuse refuses or fails to comply with an order under section 44(1)(b ) , (c ) or (d ) ; in purported compliance with ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr46-</link><title>Payment Systems (Oversight) Act 2006 - 46 Immunities</title><description>Immunities No civil or criminal proceedings, other than proceedings for an offence under section 45 , shall lie against any person for — furnishing to the Authority or transmittin...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=P1IX-</link><title>Payment Systems (Oversight) Act 2006 - Part IX MISCELLANEOUS</title><description>Part IX MISCELLANEOUS</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr47-</link><title>Payment Systems (Oversight) Act 2006 - 47 Duty not to provide false or misleading information</title><description>Duty not to provide false or misleading information Any person who provides the Authority with any information under this Act which is false or misleading in any material particul...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr48-</link><title>Payment Systems (Oversight) Act 2006 - 48 Publication of certain information</title><description>Publication of certain information The Authority may, from time to time, prepare and publish — consolidated statements aggregating any information provided under this Act; or for ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr49-</link><title>Payment Systems (Oversight) Act 2006 - 49 Jurisdiction of District Court</title><description>Jurisdiction of District Court Notwithstanding any provision to the contrary in the Criminal Procedure Code (Cap. 68), a District Court shall have jurisdiction to try any offence ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr50-</link><title>Payment Systems (Oversight) Act 2006 - 50 Composition of offences</title><description>Composition of offences The Authority may, in its discretion, compound any offence under this Act which is prescribed as a compoundable offence by collecting from a person reasona...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr51-</link><title>Payment Systems (Oversight) Act 2006 - 51 Offences by officers</title><description>Offences by officers Any person, being an officer of — a participant, an operator or a settlement institution of a payment system; a holder of a stored value facility; or an appro...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr52-</link><title>Payment Systems (Oversight) Act 2006 - 52 General penalty</title><description>General penalty Any person guilty of an offence under this Act for which no penalty is expressly provided shall be liable on conviction to a fine not exceeding $50,000.</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr53-</link><title>Payment Systems (Oversight) Act 2006 - 53 Exemption</title><description>Exemption The Authority may by regulations, either permanently or for such period as the Authority may think fit, exempt any person or class of persons, any payment system or clas...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr54-</link><title>Payment Systems (Oversight) Act 2006 - 54 Opportunity to be heard</title><description>Opportunity to be heard Where this Act provides for a person to be given an opportunity to be heard by the Authority, the Authority may prescribe the manner in which the person sh...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr55-</link><title>Payment Systems (Oversight) Act 2006 - 55 Directions and notices not subsidiary legislation</title><description>Directions and notices not subsidiary legislation Any written direction or notice in writing given by the Authority under this Act shall be deemed not to be subsidiary legislation...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr56-</link><title>Payment Systems (Oversight) Act 2006 - 56 Regulations</title><description>Regulations The Authority may make regulations for carrying out the purposes and provisions of this Act. Without prejudice to the generality of subsection (1) , the Authority may ...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr57-</link><title>Payment Systems (Oversight) Act 2006 - 57 Codes, guidelines, etc., by Authority</title><description>Codes, guidelines, etc., by Authority The Authority may issue, in such manner as it considers appropriate, such codes, guidelines, policy statements and practice notes as it consi...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr61-</link><title>Payment Systems (Oversight) Act 2006 - 61 Transitional and savings provisions</title><description>Transitional and savings provisions The Authority may, within 2 years of the date of commencement of this Act, prescribe such transitional and savings provisions as it may conside...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=xv-</link><title>Payment Systems (Oversight) Act 2006 - Legislative History</title><description>This Legislative History is provided for the convenience of users of the Payment Systems (Oversight) Act 2006 . It is not part of this Act. Act 1 of 2006 Payment Systems (Oversigh...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=aw-</link><title>Payment Systems (Oversight) Act 2006 - Enacting Formula</title><description>Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr58-</link><title>Payment Systems (Oversight) Act 2006 - 58 Related amendments to Banking Act</title><description>Related amendments to Banking Act The Banking Act (Cap. 19) is amended — by deleting subsections (2) to (5) of section 59 ; and by repealing section 77A .</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr59-</link><title>Payment Systems (Oversight) Act 2006 - 59 Consequential amendment to Companies Act</title><description>Consequential amendment to Companies Act The Companies Act (Cap. 50) is amended by inserting, immediately after the words 41 (1) (b ) of the Insurance Act (Cap. 142) in section 14...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item><item><link>https://sso.agc.gov.sg//Acts-Supp/1-2006/Published?DocDate=20060228&amp;ProvIds=pr60-</link><title>Payment Systems (Oversight) Act 2006 - 60 Consequential amendments to Road Traffic Act</title><description>Consequential amendments to Road Traffic Act The Road Traffic Act (Cap. 276) is amended — by deleting paragraph (c \) of section 25(2) and substituting the following paragraph: pr...</description><pubDate>Tue, 28 Feb 2006 00:00:00 +0800</pubDate></item></channel></rss>