Personal Data Protection Act 2012 (PDPA): Primary legislation governing the collection, use, and disclosure of personal data in Singapore. Key aspects include consent requirements, purpose limitation, notification obligations, individual rights regarding their personal data, and data protection and security requirements.
Credit Bureau Act 2016: Legislation that regulates credit reporting agencies, sets requirements for credit information sharing, defines consumer rights regarding credit reports, and establishes permissible purposes for credit checks.
Banking Act (Cap. 19): Sets out requirements for financial institutions, including banking secrecy provisions and customer information confidentiality requirements.
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore covering fair lending practices, technology risk management, and data governance requirements.
Consumer Protection (Fair Trading) Act: Legislation establishing fair trading requirements and consumer rights protection in Singapore.
Credit Bureau Singapore's Code of Conduct: Industry-specific guidelines governing the conduct of credit bureaus and their interactions with consumers and financial institutions.
Cross-border Data Transfer Requirements: Regulations governing the transfer of personal and financial data across international borders, particularly relevant if credit checks involve overseas institutions.
