IMDA and AI Verify Foundation finalise Governance Framework for Generative AI and launch Project Moonshot

On 30 May 2024, the Infocomm Media Development Authority (“IMDA”) and AI Verify Foundation (“AVF”) finalised the Model AI Governance Framework for Generative AI in Singapore. On 31 May 2024, IMDA and AVF launched Project Moonshot, an open-source Large Language Models (“LLM”) evaluation toolkit to allow businesses to assess their AI applications in terms of performance and safety. This legal update outlines the key changes made to the finalised Model AI Governance Framework and provides an overview of Project Moonshot.

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SGX RegCo’s Public Consultation on the Facilitation of Shareholder-Requisitioned Meetings

This update discusses the Singapore Exchange Regulation’s recent public consultation, whereby it proposed amendments to the SGX-ST Listing Rules to impose an obligation on issuers to facilitate the convening and conduct of shareholder-requisitioned meetings under sections 176 and 177 of the Companies Act 1967 of Singapore.

Legal Update: SGX RegCo’s Public Consultation on the Facilitation of Shareholder-Requisitioned Meetings


Merger and Acquisition Update – Significant Investments Review Act 2024 of Singapore

This Legal Update provides a summary of the new Significant Investments Review Act 2024 (“SIRA“), which came into effect on 29 March 2024. SIRA establishes an investment management regime to review and regulate significant investments into entities critical to Singapore’s national security interests.

Legal Update: Significant Investments Review Act 2024


Pioneering AI Governance: A First Look into the Landmark EU AI Act

On 13 March 2024, the European Parliament approved the Artificial Intelligence Act, the world’s first comprehensive legislation specifically designed to regulate artificial intelligence systems. This legal note offers an overview of the obligations introduced by the Act and outlines the preparatory steps that Singapore-based businesses and organisations deploying AI systems in the European Union should consider. The Act is expected to commence in the second or third quarter of 2024.

Pioneering AI Governance: A First Look into the Landmark EU AI […]


Proposed Repeal of Registered Fund Management Companies Regulatory Regime

This legal update discusses the Monetary Authority of Singapore’s recent decision to sunset the Registered Fund Management Companies regulatory regime so as to streamline the regulatory framework for fund managers in Singapore with the overall goal of encouraging the growth of Singapore’s fund management industry.

Legal Update: Proposed Repeal of the Registered Fund Management Companies Regulatory Regime