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Adoption of international standards (e.g., ISO 9001 reissued as SS ISO 9001 - Quality management systems – Requirements) Development, with inputs from industry, to meet specific needs of the local economy (e.g. SS 631 - Specification for metal roofing system) Singapore Standards are nationally recognized documents, established by consensus.
Some organizations keep compliance data—all data belonging or pertaining to the enterprise or included in the law, which can be used for the purpose of implementing or validating compliance—in a separate store for meeting reporting requirements. Compliance software is increasingly being implemented to help companies manage their compliance ...
The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves .
Financial regulation is a broad set of policies that apply to the financial sector in most jurisdictions, justified by two main features of finance: systemic risk, which implies that the failure of financial firms involves public interest considerations; and information asymmetry, which justifies curbs on freedom of contract in selected areas of financial services, particularly those that ...
Bus Services Industry Act 2015; Civil Aviation Authority of Singapore (Amendment) Act 2015; Community Disputes Resolution Act 2015; Constitution of the Republic of Singapore (Amendment) Act 2015; Deep Seabed Mining Act 2015; Employment (Amendment) Act 2015; Financial Advisers (Amendment) Act 2015; Foreign Employee Dormitories Act 2015
Obligational awareness refers to the ability of the organization to make itself aware of all of its mandatory and voluntary obligations, namely relevant laws, regulatory requirements, industry codes and organizational standards, as well as standards of good governance, generally accepted best practices, ethics and community expectations.
Every year, the MOF prepares the Singapore Budget and the Minister for Finance presents the Budget to the Parliament before the new financial year begins. The Budget includes the revised Government revenue and expenditure projections for the current financial year as well as the planned government revenue and expenditures for the following ...
Compliance requirements are only guidelines for compliance with the hundreds of laws and regulations applicable to the specific type assistance used by the recipient, and their objectives are generic in nature due to the large number of federal programs. [1] Each compliance requirement is identified by a letter, in alphabetical order.