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The PDPC’s Proposed Advisory Guidelines on Use of Personal Data in AI Recommendation and Decision Systems provides organisations with guidance on baseline policies and best practices for protecting personal data when using AI systems.
Data Protection & Cybersecurity
Regulatory & Compliance
Technology
TMT

Proposed PDPC Advisory Guidelines on Personal Data Use in AI Systems

Date
Jul 21, 2023
Author
OrionW
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The Cyber Security Agency of Singapore launched a licensing framework on 11 April 2022 requiring providers of penetration testing services or managed security operations centre monitoring services to be licensed.
Data Protection & Cybersecurity
Regulatory & Compliance
Technology
TMT

Mandatory Licensing for Certain Cybersecurity Service Providers in Singapore

Date
Jul 6, 2023
Author
OrionW
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The Monetary Authority of Singapore has confirmed that it will prohibit digital payment token (DPT) service providers from facilitating lending and staking activities of retail customers’ DPTs.
FinTech
Payment Services
Regulatory & Compliance

MAS to Prohibit Lending and Staking of Retail Customers’ DPTs

Date
Jul 5, 2023
Author
OrionW
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The MAS has issued a consultation paper proposing additional protections for customers of digital payment token service providers, including asset custody and segregation, disclosure and record-keeping requirements.
FinTech
Payment Services
Regulatory & Compliance

MAS Consults on Draft Protection Measures for DPT Service Customers

Date
Jul 5, 2023
Author
OrionW
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The Monetary Authority of Singapore has issued a consultation paper proposing market integrity measures to ensure that DPT trading platforms operate fairly.
FinTech
Payment Services
Regulatory & Compliance

MAS Proposes Market Integrity Measures for DPT Service Providers

Date
Jul 5, 2023
Author
OrionW
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MAS’s white paper on purpose bound money thoughtfully proposes a solution to integrate a form of digital asset into the mainstream financial system.
FinTech
Payment Services

MAS Publishes a White Paper on Purpose Bound Money

Date
Jun 26, 2023
Author
OrionW
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IMDA identifies six key risks arising from the use of generative AI and propose action points to mitigate the impact of these risks and to develop trusted AI use for the public good.
Data Protection & Cybersecurity
Intellectual Property
Regulatory & Compliance
Technology
TMT

IMDA Highlights 6 Key Risks of Generative AI in Discussion Paper

Date
Jun 9, 2023
Author
OrionW
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The European Union recently adopted the Markets in Crypto-Assets Regulation. We provide an overview of MiCA by answering basic questions about this ground-breaking legislation.
FinTech
Anti-Money Laundering (AML)
International Updates
Payment Services
Regulatory & Compliance

Overview of the EU's New MiCA Regulation

Date
May 30, 2023
Author
OrionW
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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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Level 37, 16 Collyer Quay
Collyer Quay Centre
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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.