On 26 June 2020, key representatives from Singapore’s landlord and tenant communities, together with industry experts, formed the Fair Tenancy Pro Tem Committee in a bid to strengthen collaboration and increase the vibrancy and competitiveness of Singapore’s retail, food & beverage (F&B) and lifestyle sectors. The result is an industry-led Code of Conduct for Leasing of Retail Premises in Singapore (CoC) based on the principles of transparency, reciprocity and sustainability.

On 3 May 2021, the Fair Tenancy Industry Committee (FTIC) was set up to be the custodian of the CoC and ensure that it provides guidance to landlords and tenants of qualifying retail premises so that fair and balanced lease negotiations can be achieved. It is represented by both landlords and tenants, as well neutral parties to offer a holistic approach when addressing matters related to retail lease agreements.

The Pro-Enterprise Panel (PEP) is a private-public panel chaired by the Head of the Civil Service. The PEP comprises business leaders as members, supported by a network of senior public officers.

The PEP serves as an internal advocate for businesses within the government with the aim of creating a more pro-enterprise environment that enables businesses to grow.

SBF is represented on the PEP and actively provides feedback on regulatory/compliance cost concerns.