In June 2024, the Health Sciences Authority (HSA) issued an alert to members of the public not to purchase or consume three products. The HSA’s analysis of these products revealed that they contained banned or potent ingredients.
On 8 July, the Singapore Food Agency (SFA) approved 16 insect species for human consumption and animal feed, including various species of crickets, mealworms and moths. The SFA has also put in place requirements that importers must adhere to for importing insects and insect products.
On 8 June 2024, the Electric Vehicles Charging (Licensing) (Amendment) Regulations 2024 (“Amendments”) came into operation. The Amendments introduce a new Regulation 4A into the Electric Vehicles Charging (Licensing) Regulations 2023 (“Regulations”), which prescribes the types of insurance Electric Vehicle Charging Operators (EVCOs) must have and maintain before EVCOs can be granted a licence to provide EV charging services in Singapore or operate an EV charging station under Sections 45(2)(f) and 45(3) of the Electric Vehicles Charging Act 2022.
Following the publication of the proposed Framework in January 2024 and the feedback received from various stakeholders, the finalized Model AI Governance Framework for Generative AI was released on 30 May 2024 by the Infocommunications Media Development Authority (IMDA) and AI Verify Foundation. The Framework expands upon the Model AI Governance Framework last updated in 2020.
The Monetary Authority of Singapore (MAS) issued the revised Guidelines on Fair Dealing — Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers (“Guidelines”) on 30 May 2024.
This comes around 17 months after the MAS issued the Consultation Paper P013-2022, which proposed amendments to the Guidelines on Fair Dealing. The amendments widen the scope of the Guidelines to apply to all financial institutions (FIs) in relation to all products and services offered by FIs to users and prospective users, and introduce additional principles and guidance for selected areas.
The Monetary Authority of Singapore (MAS) issued the revised Guidelines on Fair Dealing — Board and Senior Management Responsibilities for Delivering Fair Dealing Outcomes to Customers (“Guidelines”) on 30 May 2024. This comes around 17 months after the MAS issued the Consultation Paper P013-2022, which proposed amendments to the Guidelines on Fair Dealing. The amendments widen the scope of the Guidelines to apply to all financial institutions (FIs) in relation to all products and services offered by FIs to users and prospective users (“Customers”), and introduce additional principles and guidance for selected areas.
On 21 June 2024, the Competition and Consumer Commission of Singapore (CCCS) issued a warning to a furniture retailer for publishing fake five-star product reviews on its website. Upon receiving complaints from customers, the CCCS launched an investigation and concluded that the retailer and two of its related companies posted the reviews. This constituted an unfair practice under the Consumer Protection (Fair Trading) Act 2003 (CPFTA).
In June 2024, the Bioethics Advisory Committee of Singapore (BAC) published a public consultation paper on the ethical, legal, and social issues arising from Human Nuclear Genome Editing (HNGE). The paper recognizes that, while developments in HNGE technologies have huge potential to improve human health, their use in research and clinical applications may have ethical, legal and social ramifications. In view of these issues, the paper seeks to obtain and discuss feedback, which will assist the BAC in developing its final recommendations to guide stakeholders in Singapore on the use of HNGE technologies in research and clinical applications.
The Singapore Parliament has passed the Cybersecurity (Amendment) Bill (“Bill”) amending the Cybersecurity Act 2018 (“Act”). The Act, which formerly only regulated Critical Information Infrastructure (CII), has been expanded significantly to cover a wider range of entities. Reporting obligations have been expanded. Finally, the penalty regime has also been revised, and the Cybersecurity Agency of Singapore may now issue civil penalties in place of criminal penalties, with the maximum quantum of penalties significantly increased to up to 10% of the annual turnover of the entity in Singapore.
On 10 May 2024, the Health Sciences Authority issued an update on products found and reported by overseas regulators to contain potent ingredients prohibited in such products and which may lead to side effects.