The Privacy Disclosure Agreement is essential for organizations operating in Singapore that share, process, or handle personal data. This agreement ensures compliance with Singapore's Personal Data Protection Act 2012 and related regulations while establishing clear responsibilities and obligations between parties. It addresses key aspects such as data security measures, breach notification procedures, cross-border transfers, and data subject rights. The agreement is particularly crucial given Singapore's strict data protection regime and significant penalties for non-compliance.
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Key Requirements PROMPT example:
Privacy Disclosure Agreement
"I need a Privacy Disclosure Agreement for my Singapore-based fintech startup that will be sharing customer payment data with a third-party payment processor in Malaysia, with specific provisions for cross-border data transfers and enhanced security measures to be implemented by March 2025."
1. Parties: Identification of the disclosing and receiving parties
2. Background: Context and purpose of the privacy disclosure agreement
3. Definitions: Key terms including Personal Data, Processing, Data Subject, etc.
4. Scope of Disclosure: Types of personal data covered and permitted uses
5. Data Protection Obligations: Security measures and handling requirements
6. Term and Termination: Duration and conditions for ending the agreement
7. Return or Destruction of Data: Procedures for handling data after agreement ends
1. Cross-border Transfer Provisions: Required when data will be transferred overseas
2. Sub-processor Requirements: Rules for engaging third-party data processors
3. Breach Notification Procedures: Specific requirements for handling data breaches
1. Schedule 1: Types of Personal Data: Detailed list of personal data categories covered
2. Schedule 2: Security Measures: Technical and organizational measures for data protection
3. Schedule 3: Approved Sub-processors: List of pre-approved third-party data processors
4. Appendix A: Data Processing Instructions: Specific instructions for handling different data types
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