News

The Ministry of Finance is conducting a public consultation exercise to seek public comments on the draft Limited Liability Partnerships (LLPs) Bill 2004 which sets out the legal framework for LLPs in Singapore, as recommended by the Study Team on LLPs. MOF plans to table the draft Bill for First Reading in Parliament in the third quarter of 2004.

Ministry of Trade and Industry (MTI) is embarking on a public consultation of the proposed amendments to the Hire-Purchase Act to solicit feedback on the proposed law.

The Accounting & Corporate Regulatory Authority (ACRA) a new statutory board under the Ministry of Finance will be officially launched by 2nd Minister of Finance, Mr Lim Hng Kiang on 12 May 2004.

The draft Human Cloning and Other Prohibited Practices Bill is now posted for public consultation. The Ministry of Health would like your comments on this draft Bill. The closing date for submission of feedback is 31 May 04.

During a speech at the BCA Awards 2004 on 6th May 2004, the Minister for National Developmen, Mr Mah Bow Tan, announced that broad consensus has been reached on key provisions of the proposed legislation. The bill is expected to be tabled in Parliament in the 3rd Quarter of 2004.

The Agri-Food and Veterinary Authority of Singapore (AVA) is seeking feedback from the public on the proposed amendments to Rule 7 of the Control of Plants (Registration of Pesticides) Rules.

Singapore, 5 May 2004...The Monetary Authority of Singapore (MAS) today issued regulations to set out the implementation details of the policy to separate financial and non-financial business of a bank, and to unwind cross-shareholdings within the local banking groups (i.e. the anti-commingling policy).

The Select Committee is inviting written representations from the public to give their views/comments on the Building Maintenance and Management Bill. Information on the bill can be found at www.bca.gov.sg The closing date for submission is 13 May 04.

Parliament has on 19 April 2004 passed amendments to the Constitution that will enlarge the pool of overseas-born children who enjoy the right to Singapore citizenship by descent.

The Ministry of Trade & Industry (MTI) would like to invite comments from the public on the draft Manufacture of Optical Discs Bill. The draft Bill and an introductory note of the legislation, are on the MTI website at www.mti.gov.sg. These materials can also be accessed at the Government Online Consultation Portal at www.feedback.gov.sg.

Comments should reach MTI no later than 12.00 noon, 11 May 2004.

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