News

Financial Services

Nathanielle Punay

, Singapore

Published:

6 years ago

MAS and SAL trial programme linking payments firms and legal services

It provides payment firms access to lawyers specialising in payment services regulations.

The Monetary Authority of Singapore (MAS) and the Singapore Academy of Law (SAL) have jointly launched the Payments Regulatory Evaluation Programme (PREP) to help connect the payments industry with legal service providers.

Instead of relying on informal referrals, PREP provides payment firms with a streamlined process to gain access to lawyers specialising in payment services regulations to meet their compliance needs.

Firms will receive a customised assessment report on regulations applicable to its payments business, based from its responses to a standard questionnaire about its business in Singapore. Interested payment companies can participate in PREP by contacting a participating law firm of their choice.

For a start, seven local and international law firms in Singapore will participate in its two-month pilot run, which are Allen & Gledhill LLP, Amica Law LLC, Baker McKenzie Wong & Leow, Bird & Bird ATMD, Clifford Chance, Collyer Law LLC and Linklaters Singapore. MAS and SAL will take in feedback and make adjustments to the programme as necessary.

PREP will then be formally launched at the Singapore FinTech Festival in November 2019 and will be open to all law firms in Singapore to join.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Singapore greenfield FDI projects in Dubai rise 22% in 2025

Singapore ranked seventh among Dubai’s source markets, with 33 announced projects worth $265m.

Markets & Investing

54 minutes ago

Landed home sales ease to $5.4b in 1H 2026

Prestige landed properties remained resilient, with transaction value rising 19.3% YoY.

Residential Property

54 minutes ago

Daily Markets Briefing: STI down 0.52%; Top stock is Thai Beverage

Thai Beverage is the top stock with a 1.15% increase.

Stocks

3 hours ago

Monday Wrap: GDP upgrade, cyber blind spots, and art shift

Mixed signals as hiring softens, wealth competition rises, and tech AI gains continue.

3 hours ago

Exclusives

Monday.com picks Singapore for Southeast Asia expansion

Its in-house designers created Singapore-inspired artwork in the company's colors.

2 days ago

Tsuklio targets dual-income families in Singapore expansion

The Japanese meal subscription platform logged 3,000 pre-registrations before launch.

Food & Beverage

4 days ago

Firms cut senior hiring costs with fractional executives

$Firms cut senior hiring costs with fractional executives$

Firms cut senior hiring costs with fractional executives

Companies report 50% to 70% lower costs than full-time senior hires.

HR & Education

5 days ago

Choosier Asia buyers steer auctions toward rare art

Collectors are bidding harder for works with clear ownership histories.

6 days ago

Event News

Co-Written / Partner Finweek KL 2026: Where European capital meets ASEAN scale

The premier EU–ASEAN institutional fintech summit brings 1,000+ delegates to PARKROYAL Collection Kuala Lumpur on 11 to 13 November 2026 for three days of cross-border deal-making.