Electronic Transactions Act (ETA): Governs electronic transactions including e-signatures, digital authentication, and legal validity of electronic documents. Crucial for authorization letters that may be used in digital format.
Personal Data Protection Act (PDPA): Regulates the collection, use, and disclosure of personal data. Ensures proper handling of personal information in the authorization letter and consent requirements.
Banking Act and Financial Regulations: Sets requirements for third-party banking transactions, security protocols, and payment authorization procedures in Singapore's banking system.
Power of Attorney Act: Defines the scope, limitations, and requirements for valid delegation of financial authority, including duration and revocation provisions.
Contract Law: Based on Common Law principles, covers essential elements of valid contracts, requirements for clear terms and conditions, and proper execution requirements.
Stamps Act: Governs requirements for stamp duty and related documentation requirements for legal documents in Singapore.
