Is FEAT Principles published (12 Nov 2018) legally binding?

Q: Is FEAT Principles published (12 Nov 2018) legally binding?

FEAT Principles published (12 Nov 2018) is supervisory expectation in Singapore. Not law. It is what your supervisor examines you against, which is not the same as optional. MAS published the FEAT Principles on 12 November 2018, co-created with the financial industry through the FEAT Committee, developed in coordination with PDPC and IMDA. Paragraph 1.4 was updated on 7 February 2019 to reflect PDPC's Model AI Governance Framework.

EventSupervisory expectation

FEAT Principles published (12 Nov 2018)

Is this legally binding?

Supervisory expectation. Not law. It is what your supervisor examines you against, which is not the same as optional.

MAS published the FEAT Principles on 12 November 2018, co-created with the financial industry through the FEAT Committee, developed in coordination with PDPC and IMDA. Paragraph 1.4 was updated on 7 February 2019 to reflect PDPC's Model AI Governance Framework.

mas.gov.sgMAS page: Published Date 12 November 2018; update noteShow it on the map

On the timeline

2018-11-12MAS publishes FEAT Principles for AIDA in the financial sector

What this connects to

1 relations. Official relations are the ones the source documents state; anything marked GAGE analysis is our reading, not an agency's.

Cites1

InstrumentPrinciples to Promote Fairness, Ethics, Accountability and Transparency (FEAT) in the Use of AI and Data Analytics in Singapore's Financial SectorSupervisory expectation
Publication event of the instrument

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