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RECOMMENDED ACCOUNTING PRACTICE RAP 7 Reporting Framework for Unit Trusts The Statement of Recommended Accounting Practice, RAP 7, was approved by the Council of the Institute of Singapore Chartered
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Rap 7 - ISCA stands for Report on Payment Systems Activity in the Country.
Financial institutions and other relevant entities are required to file rap 7 - isca.
Rap 7 - isca is typically filled out online through the designated reporting platform provided by the regulatory authority.
The purpose of rap 7 - isca is to monitor and report on payment systems activity in the country for regulatory and oversight purposes.
Information such as transaction volumes, types of payment systems used, participants involved, and any potential risks or vulnerabilities in the payment systems must be reported on rap 7 - isca.
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