Is Veritas Toolkit (open source, v2.0) legally binding?

Q: Is Veritas Toolkit (open source, v2.0) legally binding?

Veritas Toolkit (open source, v2.0) is guidance in Singapore. Voluntary guidance. Best practice, not obligation, until a contract or a regulator cites it. Open-source software implementing the Veritas FEAT assessment methodologies. Version 1 released with Phase 2 (Feb 2022); version 2.0 with Phase 3 (Jun 2023) providing full FEAT assessment functionality. Published on GitHub (github.com/veritas-toolkit), linked from the MAS Veritas page.

ToolGuidance

Veritas Toolkit (open source, v2.0)

Is this legally binding?

Guidance. Voluntary guidance. Best practice, not obligation, until a contract or a regulator cites it.

Open-source software implementing the Veritas FEAT assessment methodologies. Version 1 released with Phase 2 (Feb 2022); version 2.0 with Phase 3 (Jun 2023) providing full FEAT assessment functionality. Published on GitHub (github.com/veritas-toolkit), linked from the MAS Veritas page.

mas.gov.sgMAS Veritas page: toolkit referencesShow it on the map

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.

Operationalises1

InstrumentPrinciples to Promote Fairness, Ethics, Accountability and Transparency (FEAT) in the Use of AI and Data Analytics in Singapore's Financial SectorSupervisory expectation
Open-source toolkit implementing FEAT assessment methodologies

Cites1

InstrumentVeritas Initiative (MAS-led consortium)Guidance
Toolkit released under Veritas Phases 2-3

Verified against the official source on 2026-08-17. GAGE is not affiliated with or endorsed by any agency named here, and nothing on this page is legal advice. How this is built and checked.