Professional Documents
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Singapore
Singapore
Singapore
• Regulatory Review
– IDA will review this Code once every three years after
the issuance of the Code.
– IDA intends to conduct the next triennial review three
years after the Effective Date of this Code, whereby
IDA will eliminate or modify provisions that it
determines, based on experience and the growth and
development of competition, are no longer necessary.
– IDA will also make any other changes necessary to
achieve the goals of this Code
• Petitions for Elimination or Modification of Provisions
of this Code
– Licensees may petition IDA to eliminate or modify any
provisions off this Code that it seeks to have eliminated or
modified and must provide a clear statement of the reasons
why the Licensee believes that such action is justified.
– The licensee may propose alternative approaches that, if
adopted, would achieve IDA’s regulatory objectives in a less
burdensome manner.
• Right to modify
– IDA may modify this Code on its own initiative at any time.