Publication
Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Singapore Focus: Transport Sector (Critical Firms) Act 2024
Global | Publication | December 2024
In May 2024, Singapore introduced the Transport Sector (Critical Firms) Bill (“Bill”), which aims to “enhance resilience of essential transport services in Singapore”, including those by sea, to protect against the risk of external parties exerting undue influence over such services. The Bill amends the Maritime and Port Authority of Singapore Act and the essential maritime services are considered to be “port and marine services and facilities, as well as services which support the provision of sea transport”. The Bill will introduce legislative controls on: (i) ownership of key transport service entities, (ii) management appointments and (iii) operations and resourcing. If you would like to find out more about the Bill, please contact us.
Recent publications
Publication
Canada and EU sign security and defence partnership
Canada and the European Union signed a Security and Defence Partnership (SDP), which formalizes a mutual intent to foster closer ties by establishing a framework for dialogue and cooperation across the full security and defence spectrum.
Publication
CORSIA: A market update
The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is now half way through its first phase of compliance, while the supporting regulatory frameworks constituting the building blocks for the CORSIA and Article 6 markets are incrementally being cemented in place and the market is developing fair mechanisms for managing key gap risks.
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