The Infocomm Media Development Authority Of Singapore (Imda) Launched A Public Consultation On 27 June 2019 To Review The Electronic Transactions Act (Eta).
Imda seeks feedback on other possible technologies that enterprises or sectors. More businesses could go paperless under a review of laws governing electronic transactions. This act is the electronic transactions act 2010.
The Eta Would Include Enabling Property Transactions, Wills And Other Legal Documents As Well As Using Distributed Ledgers To Create Smart Contracts And.
We refer to infocomm media development authority's (imda) public consultation on the review of the electronic transactions act issued on 27 june 2049 2. O records on contracts or withdrawal of offers and the like: For example, all internet service providers and internet.
31.3.3 Under The Imda Act And Its Related Statutes, The Imda Also Has The Power To Issue Codes Of Practice, Standards Of Performance And Advisory Guidelines.
According to the infocomm media development authority (imda), this is the second comprehensive review of the eta since it was first enacted in 1998. More businesses could go paperless, under a review of regulations governing electronic transactions. Imda is of the view that the eta is technology neutral and does not prohibit the use of distributed ledger technology, smart contracts and biometrics and that no further amendments to the eta are necessary to facilitate the usage of biometric technology in electronic transactions.
The Amendment Act Amends The Electronic Transactions Act.
Section 3—scope of act (1) this act shall not be interpreted so as to exclude statute law or the principles of the common law being applied to, recognising or accommodating. Imda seeks feedback on other possible technologies that enterprises or sectors. Different codes may apply depending on the type of service being provided.
5 Amendment Of Long Title 2.
These regulations may be cited as the electronic transactions (certification authority) regulations 2010 and shall come into operation on 1st november 2010. The review of the electronic transactions act i. The electronic transactions act (the act) (cap.