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Applicants must pay 30% of project costs in cash. Each pilot must finish within six months and by October 31, 2027. CSA has published neither a total budget nor a per-project cap.
Managing Director Chia Der Jiun said MAS will issue supervisory expectations later in 2026, with progressive timelines for cryptographic inventories, migration priorities, and the capabilities to migrate. MAS published a consultation paper with proposed timelines on November 6.
Owners of designated critical systems should file migration plans with CSA by March 31, 2027. CSA describes the handbook that contains the dates as informational and not mandatory, and says detailed guidance is still in development.
