The Bill was passed by Parliament on 7 May 2019 and gazetted on 10 June 2019. It will come into operation on a date to be gazetted by the Minister.

The Guide on Active Enforcement and Guide to Managing Data Breaches 2.0 released by the PDPC on 22 May 2019 are the latest publications by the regulatory body to assist organisations in understanding the PDPC’s regulatory regime.

The focus of this article will be on the licensing regime in three parts: general provisions, licences and fintech activities. 

The Act was put in place to protect the savings of small depositors and owners of commonly purchased insurance policies should a member bank or insurer fail.

This article in the SAL Annual Review encapsulates and evaluates the 2018 decisions of the Singapore courts on tort law. It is authored by Kumaralingam Amirthalingam & Gary Chan Kok Yew.

This article in the SAL Annual Review encapsulates and evaluates the 2018 decisions of the Singapore courts on restitution. It is authored by Associate Professor Yip Man.

This article in the SAL Annual Review encapsulates and evaluates the 2018 decisions of the Singapore courts on revenue and tax law. It is authored by Tan Kay Kheng and Leonard Goh.

Changes pertaining to white collar crime inlude the introduction of a new offence of fraud, adapted from the UK Fraud Act 2006. 

In N.V. Sumatra Tobacco Trading Company v CTBAT International Co. Limited [2019] SGIPOS 8, the PAR dismissed the opposition and allowed the Trade Mark Application to proceed to registration. 

The article highlights some of the cybersecurity issues in Singapore that organisations should take note of from a legal and operational standpoint.

The changes are aimed generally at adopting a more principles-based, rather than prescriptive, approach, and supporting members, dealers and remisiers in their activities.

Feedback is sought on proposed amendments to the risk-based capital requirements and leverage ratio requirements for Singapore-incorporated banks.

MAS issues the “Guidelines on Prevention of Money Laundering and Countering the Financing of Terrorism - Direct General Insurance Business, Reinsurance Business, and Direct Life Insurance Business (Accident & Health Policies)”.

With effect from 26 Apr 2019, IPOS will accelerate grants of AI-related patent applications to just 6 months, compared to a typical period of at least 2 years or more, which will be the fastest in the world. 

Due to the risks associated with a trade war or a general desire to re-position and to limit exposure during this fraught period.

The updates include the setting-up of the National Competition Commission in Vietnam, the long-awaited IP Guidelines in Malaysia and Indonesia’s  new regulation on case handling procedure.

With these decisions being issued, Hong Kong is now on the map as a serious competition enforcer. It is one additional country in Asia that has, and enforces, competition laws.

The Central Bank of Myanmar (CBM) continues to take steps towards liberalising the banking and finance sector.

Newly enacted Myanmar trademark laws provide some clarity on impending laws although the unreleased rules and regulations will likely shed further light on transitional provisions for existing registered mark holders.