Is FEAT Principle 08: Accountability - internal) legally binding?

Q: Is FEAT Principle 08: Accountability - internal) legally binding?

FEAT Principle 08: Accountability - internal) is supervisory expectation in Singapore. Not law. It is what your supervisor examines you against, which is not the same as optional. FEAT Principle 8 (Accountability - internal): firms using AIDA are accountable for both internally developed and externally sourced AIDA models.

ObligationSupervisory expectation

FEAT Principle 08: Accountability - internal)

Is this legally binding?

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

FEAT Principle 8 (Accountability - internal): firms using AIDA are accountable for both internally developed and externally sourced AIDA models.

From the source
“Firms using AIDA are accountable for both internally developed and externally sourced AIDA models.”
Section 4 Summary of Principles, p.6

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What this connects to

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

Cites2

InstrumentPrinciples to Promote Fairness, Ethics, Accountability and Transparency (FEAT) in the Use of AI and Data Analytics in Singapore's Financial SectorSupervisory expectation
Numbered principle in FEAT Section 4
ConceptFEAT principle: AccountabilitySupervisory expectation
Principle sits under the accountability pillar

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