On 4 April 2023, the Health Sciences Authority issued an update on products found and reported by overseas regulators to contain potent ingredients that are prohibited and may cause side effects.
Singapore High Court in Rio Christofle v Malcolm Tan Chun Chuen [2023] SGHC 66 concludes that the bona fide buying and selling of cryptocurrency without a licence or exemption is not to be a contravention of licensing provisions where there is no “carrying on a business of providing any type of payment service”. Three indicia suggest that a person is carrying on a business of providing a payment service: (1) whether profit has been made; (2) the number of transactions in question; and (3) whether the person is acting as an intermediary.
Join us for a four-part webinar series as our US moderators welcome colleagues from around the globe to share the latest labor and employment law updates and trends. US-based multinational employers with business operations in Asia Pacific, Europe, the Middle East and Africa, and the Americas regions will hear directly from local practitioners on the major developments they need to know, and come away with practical tips and takeaways to implement.
On 22 February 2023, the Competition and Consumer Commission of Singapore successfully obtained a court order against Triple Lifestyle Marketing Pte. Ltd., a water system retailer, over unfair trading practices.
The Ministry of Health (MOH) has confirmed its intention to table the Health Information Bill (Bill) in the second half of 2023. Through the Bill, the MOH seeks to enable the collection of patients’ selected health data from healthcare providers and to allow healthcare providers to share patient information with one another in a safe and secure manner.
Following the implementation of the Healthcare Services Act in phases since January 2020, the Ministry of Health announced the first and second reading of the Healthcare Services (Amendment) Bill (Bill) on 6 February 2023 and 6 March 2023 respectively. If passed, most of the amendments as set out in the Bill will be implemented together with the second phase of implementation of the Healthcare Services Act in mid-2023.
The Carbon Pricing (Amendment) Act 2022 (“Act”), which came into force on 7 March 2023 and amends the Carbon Pricing Act 2018, seeks to advance Singapore’s transition towards net-zero.
The Act aims to encourage emitters of greenhouse gases to proactively reduce emissions by:
(a) progressively increasing carbon tax rates;
(b) introducing an industry transition framework to provide transitory allowances to companies in Emissions-Intensive Trade-Exposed sectors;
(c) setting up an International Carbon Credits framework; and
(d) revising the list of greenhouse gases and their Global Warming Potential Values.
On 31 May 2021, the Personal Data Protection Commission received a complaint that RedMart Limited was collecting images of the physical National Registration Identity Card and other identification documents of suppliers making deliveries to its warehouses.
From 31 January 2023, the Info-Communications Media Development Authority implemented the full SSIR regime. All organizations that use short message service (SMS) with sender identification are required to register their Sender IDs with the Singapore SMS Sender ID Registry. Non-registered SMSes have been labelled as “Likely-SCAM” and will be blocked from later this year. Organizations are encouraged to register their Sender IDs if they have not done so.
The Monetary Authority of Singapore issued the Notice on Business Conduct Requirements for Corporate Finance Advisers on 23 February 2023. This comes around 14 months after the MAS issued the Consultation Paper P020-2021 which proposed to introduce regulatory requirements on the conduct of due diligence by corporate finance advisers, strengthen public confidence and promote informed decision making by investors through quality disclosures.