Is Proposed: selection evaluation testing legally binding?

Q: Is Proposed: selection evaluation testing legally binding?

Proposed: selection evaluation testing is consultation in Singapore. Proposed, not final. Read it, plan for it, and do not treat it as settled. PROPOSED expectation (Guidelines paras 4.12-4.15): consider objectives and risks when selecting AI algorithms or data features; conduct evaluation and testing proportionate to assessed risk materiality, with guardrails for identified risks and limitations. Not final, at consultation stage.

ObligationConsultationConsultation

Proposed: selection evaluation testing

Is this legally binding?

Consultation. Proposed, not final. Read it, plan for it, and do not treat it as settled.

Proposed and not final. Nothing here can be enforced against you yet.

PROPOSED expectation (Guidelines paras 4.12-4.15): consider objectives and risks when selecting AI algorithms or data features; conduct evaluation and testing proportionate to assessed risk materiality, with guardrails for identified risks and limitations. Not final, at consultation stage.

From the source
“An FI should conduct relevant evaluation and testing that is proportionate to the assessed risk materiality of the AI use case, system or model”
Consultation Paper P017-2025 / proposed Guidelines (see summary for paragraph)

mas.gov.sg Show 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.

Cites2

SectionProposed Guidelines Section 4: key AI life cycle controlsConsultation
Proposed expectation within this section of the draft Guidelines
InstrumentConsultation Paper on Proposed Guidelines on Artificial Intelligence Risk Management for Financial Institutions (P017-2025)Consultation
Proposed expectation in P017-2025 (not final)

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