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The MAS has issued a consultation paper on proposed changes to the single family office (SFO) regulatory framework. The new requirements aim to simplify licence exemptions for SFOs and address money laundering concerns.

MAS Consults on New Single Family Office Regulatory Framework

Date
Aug 2, 2023
Author
OrionW
The MAS has issued a consultation paper on proposed changes to the single family office (SFO) regulatory framework. The new requirements aim to simplify licence exemptions for SFOs and address money laundering concerns.
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The PDPC is asking for inputs for the proposed Advisory Guidelines for Children's personal data. The consultation runs until 31 August 2023.

PDPC Seeks Inputs on Proposed Advisory Guidelines on Children's Data

Date
Jul 22, 2023
Author
OrionW
The PDPC is asking for inputs for the proposed Advisory Guidelines for Children's personal data. The consultation runs until 31 August 2023.
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The PDPC’s Proposed Advisory Guidelines on Use of Personal Data in AI Recommendation and Decision Systems provides organisations with guidance on baseline policies and best practices for protecting personal data when using AI systems.

Proposed PDPC Advisory Guidelines on Personal Data Use in AI Systems

Date
Jul 21, 2023
Author
OrionW
The PDPC’s Proposed Advisory Guidelines on Use of Personal Data in AI Recommendation and Decision Systems provides organisations with guidance on baseline policies and best practices for protecting personal data when using AI systems.
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The Cyber Security Agency of Singapore launched a licensing framework on 11 April 2022 requiring providers of penetration testing services or managed security operations centre monitoring services to be licensed.

Mandatory Licensing for Certain Cybersecurity Service Providers in Singapore

Date
Jul 6, 2023
Author
OrionW
The Cyber Security Agency of Singapore launched a licensing framework on 11 April 2022 requiring providers of penetration testing services or managed security operations centre monitoring services to be licensed.
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The Monetary Authority of Singapore has confirmed that it will prohibit digital payment token (DPT) service providers from facilitating lending and staking activities of retail customers’ DPTs.

MAS to Prohibit Lending and Staking of Retail Customers’ DPTs

Date
Jul 5, 2023
Author
OrionW
The Monetary Authority of Singapore has confirmed that it will prohibit digital payment token (DPT) service providers from facilitating lending and staking activities of retail customers’ DPTs.
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The MAS has issued a consultation paper proposing additional protections for customers of digital payment token service providers, including asset custody and segregation, disclosure and record-keeping requirements.

MAS Consults on Draft Protection Measures for DPT Service Customers

Date
Jul 5, 2023
Author
OrionW
The MAS has issued a consultation paper proposing additional protections for customers of digital payment token service providers, including asset custody and segregation, disclosure and record-keeping requirements.
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OrionW is a boutique law firm specialising in Singapore and cross-border corporate, commercial and regulatory matters, with a focus on technology, media and telecommunications (TMT) and financial technology (FinTech). We are dedicated to providing excellent legal service to clients at the leading edge of their markets.
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OrionW LLC (UEN 201505714C) is a Singapore law practice incorporated with limited liability.