IBF Circular on the "Advisory Guidelines on the Personal Data Protection Act (PDPA) for NRIC and other National Identification Numbers"

Sep 10, 2019

​This circular aims to provide clarity to individuals, organisations and training providers on the collection and use of NRIC and other National Identification Numbers by IBF. 

2            In view of the "Advisory Guidelines on the Personal Data Protection Act (PDPA) for NRIC and other National Identification Numbers" that have come into effect on 1 Sept 2019,  IBF will limit or cease to collect NRIC and other National Identification Numbers for its services where possible. For example, new IBF Portal Users will no longer be able to use their NRIC as a login credential, and existing IBF Portal Users will be required to set a new login credential by 31 December 2019 to continue to access the IBF Portal. Individuals attending IBF events will only be required to provide partial NRIC for MAS building access.

3            As the administrator of several public agency functions, grants and schemes however, IBF will still need to collect NRIC records and other personal data on behalf of those public agencies.  This includes (but is not limited to) the following IBF services:

a)       Monetary Authority of​​ Singapore

​Regulatory Examinations

b)      Monetary Authority of Singapore

Funding and disbursements under the Financial Training Scheme (FTS) and Institute of Banking and Finance Standards Training Scheme (IBF-STS)

c)       Workforce Singapore

​Professional Conversion Programmes (Place-and-Train and Attach-and-Train)

d)      Workforce Singapore

​​Career Advisory Services​

 

4          In addition, IBF will also continue to collect NRIC when it is required to verify individuals to a high fidelity, such as, in the case of the following services:​

  • IBF Industry Examinations;
  • IBF Client Advisor Competency Standards Continuing Professional Development (CACS CPD) Reporting; and
  • IBF Certification

5           For more information on IBF's policy on Personal Data Protection, please visit our privacy policy page https://www.ibf.org.sg/Pages/Privacy-Policy.aspx or email dpo@ibf.org.sg or further enquiries.


Thank you.
IBF Data Protection Officer​