On 1 April 2018, the Competition Commission of Singapore became the administrator of the Consumer Protection (Fair Trading) Act (CPFTA). To reflect this change, the Commission was renamed the Competition and Consumer Commission of Singapore (CCCS). The CPFTA is the predominant legislation for the protection of consumers against unfair trade practices in Singapore. The CCCS sees its expanded portfolio as reinforcing its mission of "making markets work well for the benefit of both consumers and businesses in Singapore".
The Monetary Authority of Singapore (MAS) seeks to create a smart financial centre where innovative technology is pervasively utilised in the financial sector, and from which Singapore can reap benefits such as increased efficiency and risk management. To achieve this objective, MAS issued its FinTech Regulatory Sandbox Guidelines in November 2016.
Mar 29 2017 - OrionW
Impending changes to the Companies Act and the Limited Liability Partnerships Act are aimed at reducing the regulatory burden on companies and limited liability partnerships (LLPs) in Singapore as well as enhancing transparency with respect to their ownership and control.
Feb 27 2017 - OrionW
In mid-February, the Monetary Authority of Singapore ("MAS") released a Consultation Paper on Proposed Regulatory Regime for Managers of Venture Capital Funds (P004-2017, February 2017) (the "Consultation Paper").