Deloitte Webinar Series for Payment Service Providers has been saved
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Deloitte Webinar Series for Payment Service Providers
Key regulations and available regulatory compliance tools
The new Payment Services Act (“PS Act”) which commenced on 28 January 2020 is an enhancement to the regulatory framework for payment services in Singapore, aimed at strengthening consumer protection and promote confidence in the use of e-payments. With the transition to an activity-based licensing framework and a broadened scope of regulated activities, payment service institutions inevitably need to enhance key processes and respective policies to comply with the applicable requirements set out under the PS Act.
Join us in this webinar series where we will discuss the key regulatory requirements in the new PS Act, touch on integrated and customised service offering, and share the available regulatory compliance and reporting tools to address your payment business needs and ensure compliance with the regulatory requirements on an on-going basis.
Events | Registration |
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Session 1: 14 October 2020, 10.00am-11.30am • Licensing Requirements and Regulatory Obligations • Deloitte Compliance Monitor (DCM) Tool Payments Services Providers are subjected to governance, licensing and regulatory requirements under the PS Act and subsidiary legislation. Navigating and understanding these myriad of regulatory obligations and how to achieve compliance is critical for your firm. This session provides an overview of key regulatory requirements arising from Singapore’s PS Act and subsidiary legislation and what to look out for in order to achieve regulatory compliance. The session also provides a snapshot of Deloitte’s Compliance Monitor Tool, an easy to use system for our clients to monitor and manage the suite of their regulatory compliance obligations on an ongoing basis. |
Register here |
Session 2: 21 October 2020, 10.00am-11.30am • Governance, Accountability and Conduct • Data Management & Regulatory Reporting for PSN-04 Payments Services Institutions will be subject to the MAS Guidelines on Individual Accountability and Conduct (“the IAC Guidelines”) that require institutions to strengthen its governance framework by upholding the standards of individual accountability among senior managers including identified material risk personnel and continuously promote appropriate conduct on all employees. In addition, payment Services Firms are facing transformational challenges that include regulatory change, shifting market dynamics, intensifying competition and rapid digitalisation. Regulatory requirements are becoming more complex, especially with the demand for granular information and the focus on data management & reporting. Discussion Areas: o IAC Guidelines Expectations and Desired Outcomes o Key Challenges in Regulatory Reporting o Focus Areas and Building Blocks o Accelerating the Approach – Our Solution |
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Session 3: 5 November 2020, 10.00am-11.30am • Consultation paper on the new Technology Risk Management Guidelines and MAS Notice on Cyber Hygiene Discussion Areas: o Proposed revisions to the technology risk management guidelines o Cyber Hygiene o Key considerations |
Register here |