Banking Act (Chapter 19): Primary legislation governing banking institutions and operations in Singapore, establishing regulatory framework for bank account control and management
Companies Act (Chapter 50): Key legislation for corporate entities, including requirements for registration of security interests and corporate governance matters
Personal Data Protection Act 2012: Legislation governing the collection, use, disclosure and care of personal data, crucial for information sharing provisions in BACAs
Securities and Futures Act (Chapter 289): Regulatory framework for securities and financial instruments, relevant for security interests and collateral arrangements
Insolvency, Restructuring and Dissolution Act 2018: Legislation governing insolvency proceedings and creditor rights, important for default scenarios and enforcement
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore governing banking operations and compliance requirements
MAS Notice 626: Specific guidelines on Prevention of Money Laundering and Countering the Financing of Terrorism that must be reflected in account control arrangements
MAS Notice 610: Requirements for submission of statistics and returns, affecting reporting obligations in banking relationships
SWIFT Guidelines: International standards for banking communications and operations that influence account control mechanisms
Basel Committee Requirements: International banking standards affecting capital adequacy and risk management in banking relationships
Security Interest Requirements: Legal framework for creation, perfection, and priority of security interests under Singapore law
Account Operating Procedures: Regulatory requirements for bank account operations, including signatory rights and electronic banking provisions
AML/KYC Requirements: Comprehensive anti-money laundering and know-your-customer requirements under Singapore banking regulations
Data Protection Framework: Requirements for information sharing, data privacy compliance, and cross-border data transfer under Singapore law
Enforcement Mechanisms: Legal framework for rights, remedies, and dispute resolution in case of default or breach under Singapore law
