Singapore Payment Services Act 2019
MAS Notices and licensing guidelines – Singapore Payment Services Act 2019

Singapore Payment Services Act 2019 N-TRM: Meet the cyber hygiene notice and, for DPT providers, the technology risk management notice

Every licensee must comply with the Notice on Cyber Hygiene (FSM-N14) and protect customer information; licensees providing DPT services must also comply with the Notice on Technology Risk Management (FSM-N13) from 6 November 2024, and others should follow the Technology Risk Management Guidelines. Applicants offering online services must penetration test them and remediate high-risk findings before licensing.

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