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Singapore announces upcoming measures in 2023 to tackle online crimes, harmful content on app stores and online games and the security of virtualised systems and AI systems.

Singapore Announces Upcoming Measures to Enhance Online Safety

Date
Apr 18, 2023
Author
OrionW
Singapore announces upcoming measures in 2023 to tackle online crimes, harmful content on app stores and online games and the security of virtualised systems and AI systems.
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On 6 April 2023, MAS updated its Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies, expanding on fit and proper, competency, compliance, and risk management for fund management companies.

MAS Updates Fund Management Company Guidelines

Date
Apr 18, 2023
Author
OrionW
On 6 April 2023, MAS updated its Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies, expanding on fit and proper, competency, compliance, and risk management for fund management companies.
Read more
Singapore will progressively require all employment pass holders to score at least 40 points under COMPASS, a new points-based system for evaluating applications and renewals.

Overview of COMPASS—the Complementarity Assessment Framework for Employment Pass Applications

Date
Apr 7, 2023
Author
OrionW
Singapore will progressively require all employment pass holders to score at least 40 points under COMPASS, a new points-based system for evaluating applications and renewals.
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The UK Government has issued a white paper proposing a framework for regulating artificial intelligence that emphasises a pro-innovation, proportionate, adaptable and largely decentralised approach.

UK Government Issues White Paper on Regulating AI

Date
Apr 5, 2023
Author
OrionW
The UK Government has issued a white paper proposing a framework for regulating artificial intelligence that emphasises a pro-innovation, proportionate, adaptable and largely decentralised approach.
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The Monetary Authority of Singapore has issued a circular revising its expectations for being notified by licensed insurers when a data breach occurs.

MAS Issues Circular Revising Data Breach Notification Expectations for Licensed Insurers

Date
Feb 28, 2023
Author
OrionW
The Monetary Authority of Singapore has issued a circular revising its expectations for being notified by licensed insurers when a data breach occurs.
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The Monetary Authority of Singapore has issued a Notice imposing new due diligence requirements on corporate finance advisers and their representatives. The Notice also includes measures to mitigate potential conflicts of interest.

MAS Imposes Due Diligence and Business Conduct Requirements on Corporate Finance Advisers

Date
Feb 28, 2023
Author
OrionW
The Monetary Authority of Singapore has issued a Notice imposing new due diligence requirements on corporate finance advisers and their representatives. The Notice also includes measures to mitigate potential conflicts of interest.
Read more

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