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The Singapore Parliament passed the Cybersecurity (Amendment) Bill on 7 May 2024, amending the Cybersecurity Act 2018.

Amendments to Cybersecurity Act 2018 Passed

Date
May 10, 2024
Author
OrionW
The Singapore Parliament passed the Cybersecurity (Amendment) Bill on 7 May 2024, amending the Cybersecurity Act 2018.
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MAS has proposed transitional arrangements for existing Registered Fund Management Companies (RFMC) consequent to the intended repeal of the RFMC regulatory regime.

Proposed Transitional Arrangements for Repeal of Registered Fund Management Companies Regime

Date
Apr 25, 2024
Author
OrionW
MAS has proposed transitional arrangements for existing Registered Fund Management Companies (RFMC) consequent to the intended repeal of the RFMC regulatory regime.
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MAS updates the PS Act FAQs to reflect recent updates on regulated payment services and the stablecoin regulatory framework.

Payment Services Act FAQs Updated

Date
Apr 25, 2024
Author
OrionW
MAS updates the PS Act FAQs to reflect recent updates on regulated payment services and the stablecoin regulatory framework.
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EU is currently drafting a European Space Law that aims to harmonise the existing legislations on regulating the use of outer space. The draft is expected to be shared by the second half of 2024.

EU Space Law in the Works

Date
Apr 18, 2024
Author
OrionW
EU is currently drafting a European Space Law that aims to harmonise the existing legislations on regulating the use of outer space. The draft is expected to be shared by the second half of 2024.
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MAS issues new customer protection guidelines for DPT services which will take effect from 4 October 2024.

MAS Issues Crypto Customer Protection Guidelines

Date
Apr 5, 2024
Author
OrionW
MAS issues new customer protection guidelines for DPT services which will take effect from 4 October 2024.
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Updated AML-CFT requirements for DPT service licensees take effect from 4 April 2024, requiring (a) due diligence measures for appointing agents and (b) a group AML-CFT policy that applies to branches and subsidiaries.

MAS Updates AML-CFT Requirements for DPT Service Licensees

Date
Apr 4, 2024
Author
OrionW
Updated AML-CFT requirements for DPT service licensees take effect from 4 April 2024, requiring (a) due diligence measures for appointing agents and (b) a group AML-CFT policy that applies to branches and subsidiaries.
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OrionW LLC
Level 37, 16 Collyer Quay
Collyer Quay Centre
Singapore 049318

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.