The Monetary Authority of Singapore (MAS) published updates to its Guidelines on Licensing for Payment Service Providers [PS-G01] (the Guidelines), which will take effect on August 26, 2024. The revisions to the Guidelines...more
The second half of 2024 is shaping up to be a consequential time for employment rules in Singapore. Not only will the Workplace Fairness Legislation (WFL) be introduced in Parliament, but guidelines for the inclusion of...more
The Corporate Service Providers Bill (CSP Bill) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (CLLPMA Bill) were passed by the Parliament of Singapore on July 2, 2024. The CSP Bill seeks...more
The Monetary Authority of Singapore recently published the second part of its response to the consultation paper proposing regulatory measures for providers of digital payment token services under the Payment Services Act...more
The Monetary Authority of Singapore (MAS) has finalised its regulatory framework for stablecoins, taking into account and addressing feedback received from a public consultation in October 2022. Stablecoins are emerging as a...more
In the recent decision of ByBit Fintech Ltd v Ho Kai Xin and others [2023] SGHC 199, the Singapore High Court held that cryptocurrency is property capable of being held on trust. This decision marks the first time that the...more
The Singapore Parliament recently passed the Online Criminal Harms Act (OCHA), which targets online content or activity that is criminal in nature or used to facilitate or abet crimes.
The Online Criminal Harms Act (OCHA)...more
7/17/2023
/ Anti-Harassment Policies ,
Cyber Crimes ,
Cyber Policies ,
Cyberbullying ,
Cybersecurity Framework ,
Internet Privacy ,
OCHA ,
Online Platforms ,
Online Safety for Children ,
Regulatory Reform ,
Regulatory Requirements ,
Singapore
The Singapore High Court recently rejected Algorand Foundation’s application to liquidate Three Arrows Capital based on a claim of 53.5 million USD Coin (USDC)—a form of cryptocurrency also known as a stablecoin, designed to...more
The Singapore Court of Appeal held in a recent decision that while emotional distress constitutes “loss or damage” for which the right of private action can be brought under Section 48O(1) of the Personal Data Protection Act...more
Key amendments to the Singapore Personal Data Protection Act take into account technological advances, new business models, and global developments in data protection legislation, and will have an effect on healthcare...more
China recently finalized the Measures for Security Assessment for Cross-Border Data Transfers, unveiling the last piece of the puzzle for cross-border data transfer. This LawFlash highlights the key requirements in the data...more
Two bills introduced for First Reading in the Singapore Parliament on 14 February aim to address the evolving landscape of gambling in Singapore. Specifically, the Gambling Regulatory Authority of Singapore Bill expands the...more
The Accounting and Corporate Regulatory Authority (ACRA) of Singapore is running a public consultation exercise from 17 December 2021 to 28 January 2022 to seek feedback from the public on proposed amendments to the Companies...more
In a press release dated 12 July 2021, the Ministry of Home Affairs of Singapore (MHA) announced that it is seeking feedback from the public on certain proposed amendments to the existing gambling legislation. The proposed...more
Key amendments to the Singapore Personal Data Protection Act would take into account technological advances, new business models, and global developments in data protection legislation. ...more
The Ministry of Law of Singapore announced the introduction of a new bill on 1 April aimed at protecting individuals and businesses that are unable to fulfil their contractual obligations because of the coronavirus (COVID-19)...more
Increased measures to preempt the spread of coronavirus (COVID-19) in Singapore may cause disruption to commercial contracts, as parties unable to perform their obligations could invoke force majeure....more
The 2019 Novel Coronavirus (COVID-19) outbreak has led to travel bans and restrictions, the lockdown of cities, and the quarantine of individuals. These government measures have disrupted businesses and supply chains, and...more
2/27/2020
/ Best Practices ,
Business Continuity Plans ,
Business Interruption ,
China ,
Contract Terms ,
Coronavirus/COVID-19 ,
Emergency Management Plans ,
Force Majeure Clause ,
Infectious Diseases ,
Performance Standards ,
Policies and Procedures ,
Public Health ,
Risk Management
The Personal Data Protection Commission (PDPC) has revised Chapter 6 (Organisations) and Chapter 15 (Access and Correction Obligations) of the Advisory Guidelines on Key Concepts in the Personal Data Protection Act, or PDPA...more
The Singapore Cybersecurity Bill aims to establish a regime to prevent, manage, and respond to cybersecurity threats and incidents, and to regulate critical information infrastructure owners and cybersecurity providers, which...more
For the first time since the Personal Data Protection Act (PDPA) came into force on 2 July 2014, the Personal Data Protection Commission (PDPC) of Singapore has published details of the enforcement actions that it has taken...more