Singapore Payment Services Act 2019
Part 2 Divisions 3 and 4: Controllers and officers – Singapore Payment Services Act 2019

Singapore Payment Services Act 2019 S28: Obtain MAS approval before becoming a 20% controller of a licensee

No person may become a 20% controller of a Singapore-incorporated licensee without MAS's prior approval, given only if the person is fit and proper and the licensee will stay prudent; approval may carry conditions on further acquisitions or voting. A refused person must cease control within the period set, and a person served with a notice of objection must comply with it.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

Other controls in Part 2 Divisions 3 and 4: Controllers and officers – Singapore Payment Services Act 2019

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