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The Monetary Authority of Singapore proposes to amend the Payment Services Regulations and related notices to address new services to be regulated and AML/CFT requirements.
Payment Services
Anti-Money Laundering (AML)
FinTech
Regulatory & Compliance

MAS Consults on Proposed Amendments to Payment Services Regulations and Notices

Date
May 12, 2023
Author
OrionW
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The Monetary Authority of Singapore has responded to comments on a consultation paper proposing the creation of a platform for financial institutions to share AML/CFT information.
Anti-Money Laundering (AML)
Data Protection & Cybersecurity
FinTech
Payment Services
Regulatory & Compliance

MAS Responds to Feedback on a Proposed FI-FI AML/CFT Information Sharing Platform

Date
May 5, 2023
Author
OrionW
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The US FCC has adopted new spectrum sharing rules for operators of non-geostationary satellite orbit, fixed satellite service systems. The new rules are intended to promote competition and provide certainty for operators.
Telecommunications
International Updates
Regulatory & Compliance
TMT

US FCC Adopts Updated Rules for NGSO FSS Spectrum Sharing

Date
May 2, 2023
Author
OrionW
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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.
Regulatory & Compliance
Data Protection & Cybersecurity
Media & Entertainment
Technology
TMT

Singapore Announces Upcoming Measures to Enhance Online Safety

Date
Apr 18, 2023
Author
OrionW
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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.
Regulatory & Compliance

MAS Updates Fund Management Company Guidelines

Date
Apr 18, 2023
Author
OrionW
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The Singapore High Court held an employer vicariously liable for copyright infringement by an employee seeking to improve his workplace skills using unauthorised software.
Intellectual Property
Commercial
Employment

Employer Held Vicariously Liable for Employee Copyright Infringement

Date
Apr 10, 2023
Author
OrionW
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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.
Employment
Regulatory & Compliance

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

Date
Apr 7, 2023
Author
OrionW
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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.
Technology
International Updates
Regulatory & Compliance
TMT

UK Government Issues White Paper on Regulating AI

Date
Apr 5, 2023
Author
OrionW
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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.
Data Protection & Cybersecurity
InsurTech
Regulatory & Compliance

MAS Issues Circular Revising Data Breach Notification Expectations for Licensed Insurers

Date
Feb 28, 2023
Author
OrionW
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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.