Securities and Futures Act (Cap. 289): Primary legislation governing securities, futures, and financial markets in Singapore, relevant for financial instruments and securities transactions handled under the paying agency agreement
Banking Act (Cap. 19): Core banking legislation that regulates banking business and institutions in Singapore, including banking secrecy provisions and payment processing requirements
Companies Act (Cap. 50): Fundamental legislation governing corporate entities in Singapore, relevant for corporate authority and capacity issues in the agreement
Payment Services Act 2019: Regulates payment systems and payment service providers in Singapore, crucial for payment processing aspects of the paying agency agreement
Financial Advisers Act (Cap. 110): Regulates financial advisory services, relevant if the paying agent provides any form of financial advice
MAS Guidelines and Notices: Regulatory guidelines issued by the Monetary Authority of Singapore that provide detailed requirements for financial institutions and payment service providers
MAS Notice 626: Specific requirements for Prevention of Money Laundering and Countering the Financing of Terrorism that must be incorporated into payment processing procedures
Contract Law (Amendment) Act 2012: Updates to Singapore contract law that affect the formation and enforcement of contracts, including paying agency agreements
Electronic Transactions Act (Cap. 88): Governs electronic transactions and records, relevant for digital payments and electronic communications under the agreement
Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data, crucial for handling payment information and customer data
Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and must be considered when drafting terms affecting retail customers
Unfair Contract Terms Act: Regulates unfair terms in contracts and provides protection against unreasonable contract terms
Agency Law Principles: Common law principles governing agency relationships, fundamental to the paying agent's role and responsibilities
FATF Recommendations: International standards for combating money laundering and terrorist financing, relevant for cross-border payment aspects
Evidence Act (Cap. 97): Governs the admissibility of electronic records and evidence, important for record-keeping requirements in the agreement
