Banking Act (Cap. 19): Primary legislation governing banking operations in Singapore, particularly Sections 47 and 48 which deal with banking secrecy and disclosure of customer information
Personal Data Protection Act 2012 (PDPA): Legislation regulating the collection, use, and disclosure of personal data, requiring explicit consent and proper safeguards for personal information
MAS Guidelines: Regulatory guidelines from Monetary Authority of Singapore covering banking secrecy, technology risk management, and prevention of money laundering
Electronic Transactions Act (Cap. 88): Legislation governing electronic transactions and digital signatures, relevant if the authorization is to be submitted electronically
Evidence Act (Cap. 97): Legal framework concerning admissibility of bank statements as evidence and requirements for document authentication
Identification Requirements: Clear identification of all parties involved in the authorization must be provided
Consent Requirements: Explicit consent for data disclosure must be clearly stated in the authorization
Scope Definition: Specific scope of the authorization must be clearly defined
Duration Specification: Time period for which the authorization is valid must be specified
Banking Secrecy Compliance: Authorization must comply with banking secrecy provisions under Singapore law
Data Protection Compliance: Authorization must meet data protection requirements under PDPA
Authentication Requirements: Proper authentication measures must be included as per Singapore legal requirements
