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

Singapore Payment Services Act 2019 S34: Obtain MAS approval before appointing a CEO, director or partner

A Singapore licensee must obtain MAS approval before appointing a CEO or director (or partner); a foreign licensee needs approval for the CEO or director responsible for its Singapore business. Re-appointment at the end of an approved term needs no further approval.

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