On 16 July 2026, MAS issued the Guidelines on Audit of Payment Service Providers (Guidelines) under section 37 of the Payment Services Act 2019 read with Regulation 20 of the Payment Services Regulations 2019. The Guidelines apply to all holders of a payment service licence (PSPs) and set out MAS’ expectations on the annual audit that every PSP must undergo.
To view our update on the Guidelines, please click here.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Elaine CHAN
Co-Head – Financial Services Regulatory
d +65 6416 8010
e elaine.chan@wongpartnership.com
Click here to view Elaine’s CV.
TIAN Sion Yoong
Partner – Financial Services Regulatory
d +65 6416 2488
e sionyoong.tian@wongpartnership.com
Click here to view Sion Yoong’s CV.
CHAN Jia Hui
Partner – Financial Services Regulatory
d +65 6416 2794
e jiahui.chan@wongpartnership.com
Click here to view Jia Hui’s CV.