Contracts Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore. Essential for establishing the basic framework of the escrow agreement.
Civil Law Act (Cap. 43): Fundamental legislation that governs civil matters in Singapore, including contract law principles and remedies.
Trust Companies Act (Cap. 336): Regulates trust companies and their operations in Singapore, relevant for escrow agents operating as trust companies.
Trustees Act (Cap. 337): Defines the powers, duties, and responsibilities of trustees, which may apply to escrow agents in their fiduciary capacity.
Securities and Futures Act (Cap. 289): Relevant when the escrow arrangement involves securities or regulated investment products.
Money-changing and Remittance Businesses Act: Applicable for escrow arrangements involving cross-border transactions or currency exchange.
Anti-Money Laundering Regulations: Compliance requirements for preventing money laundering and ensuring proper due diligence in financial transactions.
MAS Regulations: Monetary Authority of Singapore's regulatory framework governing financial services and escrow arrangements.
Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in the escrow agreement and related processes.
Goods and Services Tax Act: Tax implications for escrow services and related transactions in Singapore.
Income Tax Act: Taxation considerations for funds held in escrow and any interest or gains earned.
Stamp Duties Act: Requirements for stamp duty payments on certain types of escrow agreements and related documents.
