Banking Act (Chapter 19): Governs banking relationships and credit facilities. Key focus on banking secrecy provisions and confidentiality requirements when providing financial references.
Personal Data Protection Act (PDPA) 2012: Regulates the collection, use, and disclosure of personal and business information. Requires proper consent and data protection measures when sharing information in reference letters.
Defamation Act (Chapter 75): Ensures protection against libel and requires all statements in reference letters to be truthful and non-defamatory. Critical for maintaining legal safety when providing references.
Contract Act (Chapter 53): Provides framework for contractual obligations and misrepresentation. Establishes duty of care in making statements within reference letters.
Competition Act (Chapter 50B): Ensures reference letters comply with fair trading practices and don't contain anti-competitive information that could violate competition laws.
Singapore Code of Corporate Governance: Provides guidance for corporate governance practices, particularly relevant when references involve listed companies or regulated entities.
Singapore Chamber of Commerce Guidelines: Establishes best practices and industry standards for trade references in the Singapore business community.
MAS Guidelines: Monetary Authority of Singapore guidelines governing references involving financial institutions or regulated entities, ensuring compliance with financial sector requirements.
