Singapore legislation

Section 14

of Monetary Authority of Singapore Act 1970

Section 14

Interpretation of sections 14A, 14B and 14C

Amended by40/2020

In sections 14A, 14B and 14C —“gain” means —

(a)

a gain in property or a supply of services, whether temporary or permanent; or

(b)

an opportunity to earn remuneration or greater remuneration or to gain a financial advantage otherwise than by way of remuneration;“generally available information” means information that consists of readily observable matter, including information that consists of deductions, conclusions or inferences made or drawn from readily observable matter;“harm”, in relation to an individual, means —

(a)

any physical harm; or

(b)

harassment, alarm or distress caused to the individual;“loss” means —

(a)

a loss in property or a supply of services, whether temporary or permanent; or

(b)

a loss of an opportunity to earn remuneration or greater remuneration or to gain a financial advantage otherwise than by way of remuneration,but excludes, in relation to an individual, the loss of personal data about the individual;“personal data” has the meaning given by section 2(1) of the Personal Data Protection Act 2012;“prescribed circumstances” or “prescribed purpose” means any circumstances or purpose prescribed in regulations made under section 14D.

Definition

“gain” means —

(a)

a gain in property or a supply of services, whether temporary or permanent; or

(b)

an opportunity to earn remuneration or greater remuneration or to gain a financial advantage otherwise than by way of remuneration;

Definition

“generally available information” means information that consists of readily observable matter, including information that consists of deductions, conclusions or inferences made or drawn from readily observable matter;

Definition

“harm”, in relation to an individual, means —

(a)

any physical harm; or

(b)

harassment, alarm or distress caused to the individual;

Definition

“loss” means —

(a)

a loss in property or a supply of services, whether temporary or permanent; or

(b)

a loss of an opportunity to earn remuneration or greater remuneration or to gain a financial advantage otherwise than by way of remuneration,but excludes, in relation to an individual, the loss of personal data about the individual;

Definition

“personal data” has the meaning given by section 2(1) of the Personal Data Protection Act 2012;

Definition

“prescribed circumstances” or “prescribed purpose” means any circumstances or purpose prescribed in regulations made under section 14D.

Amended by40/2020
Section 14 — Monetary Authority of Singapore Act 1970