Regulating Payment Services in Singapore and Japan : a comparative view

18 September 2019

15:30 - 18:00

Bird & Bird ATMD LLP, 2 Shenton Way, #18-01 SGX Centre 1, Singapore, 068804

With the rise of technology and innovation in the payments sector and the significant increases in user adoption of online/mobile payment methods, it is crucial to establish laws and regulations that correspond to each payment method. These laws and regulations not only protect users, but also clarify the responsibilities for companies that operate and use payment services, and guide how those companies need to develop a prudent risk management policies which comply with the law.

Against this backdrop, Bird & Bird is organising a workshop jointly with subject matter experts from the Monetary Authority of Singapore (MAS), Singapore Management University (SMU), Chuo-University in Tokyo and a Japanese law firm, Hori & Partners. We will discuss how the leading financial centres of Singapore and Japan are dealing with the laws and regulations relating to payment services and also virtual currencies that would be very relevant to investors, financial institutions and companies that operate and use payments services.

The programme

 

15:30 - 16:00

Arrival and registration

16:00 - 16:05

Opening Address by Ms Ow Kim Kit (Bird & Bird ATMD) and Associate Professor Yip Man (SMU)
 16:05 - 16:30 The Regulations for Payment Services provided by Payment Services Providers other than Financial Institutions in Japan: A Singapore Comparative Perspective.

This session will discuss on the Japanese regulatory framework, outline of regulations and recent study of the JFSA for payment services regulations, as well as regulations related to payment services from a comparative perspective considering the PSA and E-Payment User Protection Guidelines (Guidelines).

Mr Tomonori Fujiike, Partner, Hori & Partners

16:30 - 16:50

Payment Services Act in Singapore: A Primer

This session will give an overview of the Payment Services Act in Singapore and the required obligations companies should be aware of.

Ms Ow Kim Kit, Partner, Bird & Bird ATMD

 16:50 - 17:20

Panel Discussion
"Theoretical Framework for Payment Methods in Recent Payment Services"

 

Panelists

  1. Ms Jo Yeo, Deputy Director, Monetary Authority of Singapore (MAS)
  2. Professor Hisaei Chuck Ito, Director, Institute of Comparative Law in Japan, Chuo University
  3. Mr Tomonori Fujiike, Partner, Hori & Partners

Moderator 

Associate Professor Yip Man (SMU)

17:20 - 17:30  Q&A
17:30 - 18:00  Networking Reception

Contact / Registration

This is a complimentary workshop and seats are limited. We encourage you to register your attendance in advance to secure yourself a place. You can do so by clicking on the RSVP button below.

Register here >

The deadline for registration is Wednesday, 11 September 2019.