News

The Deposit Insurance Act was passed in Parliament on 19 September 2005. The Second Reading Speech by Mr Tharman Shanmugaratnam, Minister for Education and Deputy Chairman, Monetary Authority of Singapore states

The Australasian Legal Information Institute (AustLII) would like to announce the launch of the Commonwealth Legal Information Institute (CommonLII), located at < http://www.commonlii.org >. Like other LIIs, CommonLII is free access and non-profit.

The Ministry of Health is proposing to implement a statutory regulatory framework to regulate the practice of optometry and opticianry in Singapore and seeks the public's views, comments and feedback on this issue.

It was reported that the police have raided an interior design consultancy company for using copyright infringing software. This is the first raid by the police since Singapore's Copyright Act was amended at the beginning of 2005 to make copyright infringement a criminal offence.

MAS has reviewed the appeals Regulations under the Securities and Futures Act (?SFA?), the Financial Advisers Act (?FAA?) and Insurance Act (?IA?), and proposes amending these Appeals Regulations. MAS invites interested parties to forward their views and comments on the draft Regulations.

The Singapore Court of Appeal clarified the law on adverse possession in an important decision. The written judgment delivered on 13 September 2005 allowed an appeal by TSM Development Pte Ltd and held that a strip of land fenced within a neighbour's property was not subject to an adverse possession claim by the neighbour.

The Infocomm Development Authority of Singapore (IDA), in collaboration with the Attorney-General's Chambers of Singapore (AGC), has today issued a second public consultation paper on the proposed Spam Control Bill in Singapore.

In a rare prosecution, the Ministry of Manpower brought to court a company and its director for failing to pay workers salary.

The Ministry of Trade and Industry announced on 7 September 2005 the establishment of the Competition Appeal Board (CAB) with effect from 1 September 2005.

The Monetary Authority of Singapore (MAS) today issued Corporate Governance Regulations ("Regulations") and Guidelines on Corporate Governance ("Guidelines"). The Regulations and Guidelines are enhancements to existing corporate governance requirements for banks, financial holding companies and direct insurers.

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