Code of conduct covering retail space leasing to be turned into law
MTI to gather feedback on key provisions
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THE recommendation by the Fair Tenancy Industry Committee (FTIC) to legislate compliance with the code of conduct (COC) for fair tenancy has been accepted by the Singapore government, the Ministry of Trade and Industry (MTI) and Singapore Business Federation (SBF) announced in their respective press statements on Jul 18.
In the lead up to the impending legislation, MTI will conduct a public consultation from Jul 18 to Aug 5, 2022 to gather feedback on the key provisions, which will also include the establishment of a facilitated dispute resolution process.
Low Yen Ling, Minister of State for MTI, said the establishment of the COC has been a significant step forward for the retail sector.
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