Recent proposed changes to the Singapore Electronic Transactions Act would allow for the digitalization of cross-border trade documents and other important legal documents. The Singapore Parliament introduced various...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
On 21 July, the Monetary Authority of Singapore (MAS) published a consultation paper seeking views on a proposed new omnibus act that will allow the MAS to adopt a financial sector–wide regulatory approach to financial...more
The Malaysia Securities Commission (SC) announced on April 28 that flexibility will be granted for businesses issuing convertible notes to venture capital (VC) and private equity (PE) firms registered with the SC....more
Recent updates from Singapore amid the coronavirus (COVID-19) pandemic include elevated restrictions on what businesses are considered essential, a new facility for more affordable loans for small and medium-sized...more
The Singapore Ministry of Law has issued an order summarizing alternative arrangements during the coronavirus (COVID-19) global pandemic for convening, holding, conducting, or deferring general meetings pursuant to certain...more
In light of the coronavirus (COVID-19) pandemic, the Monetary Authority of Singapore, Accounting and Corporate Regulatory Authority, and Singapore Exchange Regulation on 7 April announced that they will automatically extend...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
The Singapore Ministry of Health (MOH) imposed tighter safe-distancing measures on 24 March to minimize further spread of the coronavirus (COVID-19). Because of the fluid and unpredictable nature of COVID-19, companies and...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 Singapore government has introduced additional control measures to minimize the risk of further transmission of the 2019 Novel Coronavirus in the community. Employers in Singapore must take proactive steps within the...more
2/20/2020
/ Best Practices ,
Business Continuity Plans ,
China ,
Coronavirus/COVID-19 ,
Data Management ,
Emergency Management Plans ,
Employer Liability Issues ,
Employment Contract ,
Handbooks ,
Health and Safety ,
Infectious Diseases ,
Leave of Absence ,
Multinationals ,
Personal Data ,
Policies and Procedures ,
Public Health ,
Risk Management ,
Singapore ,
Traveling Employee ,
Unpaid Leave ,
Wage and Hour ,
Workplace Safety
With effect from February 7, the Mainboard Rules and Catalist Rules of the Singapore Exchange Securities Trading Limited will be revised to adopt a risk-based approach to quarterly reporting and to enhance the continuous...more
2/7/2020
/ Amended Rules ,
De Minimus Doctrine ,
Disclosure Requirements ,
Financial Assistance Policies ,
Interested Parties ,
Listing Rules ,
Quarterly Report ,
Regulatory Requirements ,
Risk-Based Approaches ,
Rulemaking Process ,
Securities Regulation ,
Securities Transactions ,
Singapore ,
Singapore Exchange ,
Third-Party ,
Trading Platforms
The Monetary Authority of Singapore (MAS) issued a consultation paper on November 20, 2019, titled “Proposed Regulatory Approach for Derivatives Contracts on Payment Tokens,” seeking feedback on its proposal to allow...more
As a global team, we pay attention to financial regulatory and fintech events happening around the world. In that spirit, we are reporting on some intriguing new regulatory initiatives that were announced at the Singapore...more
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 Exchange on July 11 announced immediately effective changes to the delisting rules for both the Mainboard Rules and the Catalist Rules in an effort to shift the balance in favor of minority shareholders. ...more
As part of the efforts to boost data flows and improve competitiveness of organizations in the economy, the Singapore Personal Data Protection Commission and the Competition and Consumer Commission of Singapore are weighing...more
The Singapore Exchange Regulation has proposed new rules for the delisting process in order to better align the various interests of offerors and shareholders, including by lowering the approval threshold for resolutions to...more
Singapore Exchange Regulation called for the resignation of two top executives of a Singapore Exchange–listed company, and imposed a ban on the individuals barring them from holding executive posts for three years. This is...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
The changes modify securities crowdfunding rules to facilitate access to retail investors.
Following a yearlong public consultation exercise, the Monetary Authority of Singapore (MAS) will make it easier for securities...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