Singapore Extends Alternative Arrangements for Company Meetings to 30 June 2021
Oct 02 2020 - 
OrionW
Singapore's Ministry of Law has extended the alternative arrangements for company meetings to 30 June 2021. The extension allows regulated companies to conduct meetings via electronic means. Likewise, MinLaw extended the deferral provisions for meetings of some organisations giving them a grace period to organise meetings physically or electronically to a date no later than 31 December 2020.
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Singapore Changes Its Strategic Goods Control List
Sep 30 2020 - OrionW
The Singapore government has amended its list of strategic goods and technology that are controlled for export from or transit through Singapore. The amendments are implemented in the Strategic Goods (Control) Order 2020 (SGCO 2020) which came into effect from 16 November 2020. The amendments affect a range of military and dual-use goods but do not change the scope of the controls that apply to strategic goods and technology.
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MAS Issues Guidelines to Strengthen Responsibility and Ethical Behaviour in the Financial Industry
Sep 28 2020 - OrionW
The Monetary Authority of Singapore (MAS) issued new Guidelines on Individual Accountability and Conduct (Guidelines) on 10 September 2020. The Guidelines set out five outcomes that financial institutions (FIs) should achieve to promote clear accountability of senior managers in key functions and promote ethical behaviour in the FIs. The Guidelines were accompanied by an Information Paper and FAQs to help FIs achieve the five outcomes.
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Review of Recent PDPC Decisions - September 2020
Sep 15 2020 - OrionW
Decisions published by the Personal Data Protection Commission in September 2020 highlight the importance of imposing contractual data protection obligations on vendors that will possess or access personal data. Organisations should also implement a password management policy, conduct properly-scoped pre-launch testing of IT features and cease retaining personal data that are no longer necessary.
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Review of PDPC August Decisions
Aug 28 2020 - OrionW
Decisions published by the Personal Data Protection Commission in August 2020 highlight the importance of having security measures - reasonable and appropriate to the type of personal data processed and nature of processing undertaken - in order to protect data in compliance with the Personal Data Protection Act 2012. Organisations using IT systems to collect and process personal data must conduct rigorous pre-launch testing and regular security reviews.
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