Corporate Service Providers Regulations 2025

No. S 292

Corporate Service Providers Act 2024

Corporate Service Providers
Regulations 2025

In exercise of the powers conferred by section 35 of the Corporate Service Providers Act 2024, the Minister for Finance makes the following Regulations:

PART 1

PRELIMINARY

Citation and commencement

1.  These Regulations are the Corporate Service Providers Regulations 2025 and come into operation on 9 June 2025.

Definitions

2.—(1)  In these Regulations —

“AML/CPF/CFT course” means the course known as “Anti‑Money Laundering, Countering Proliferation Financing and Countering the Financing of Terrorism” conducted by a person appointed by the Registrar;

“AML/CPF/CFT test” means the test approved and administered by the Registrar in respect of the AML/CPF/CFT course;

“authorised employee”, in relation to a registered corporate service provider, means an employee of the registered corporate service provider who is appointed by a registered qualified individual (being one who is the registered corporate service provider or is employed, engaged or appointed by the registered corporate service provider, and who is not a deemed registered qualified individual) to carry out any ACRA transaction with the ACRA Registrar using the electronic transaction system under the supervision of the registered qualified individual;

“corporate secretarial agent” means an individual who —

(a) is carrying on the business of providing corporate secretarial services and has been doing so for at least 3 years in the preceding 5 years; and

(b) has been a secretary of a company for at least 3 years in the preceding 5 years;

“customer”, in relation to a registered corporate service provider, means any person who employs or engages the registered corporate service provider to carry out any corporate service on the person’s behalf;

“relevant offence” means an offence under —

(a) section 25;

(b) sections 50 to 57 of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992;

(c) the Terrorism (Suppression of Financing) Act 2002;

(d) any regulations made under the United Nations Act 2001;

(e) any provision of any other written law relating to —

(i) the prevention of money laundering;

(ii) the prevention of proliferation financing; or

(iii) the prevention of terrorism financing;

(f) the law of any foreign country or territory relating to —

(i) the prevention of money laundering;

(ii) the prevention of proliferation financing; or

(iii) the prevention of terrorism financing; or

(g) section 157 of the Companies Act 1967;

“revoked Regulations” means the Accounting and Corporate Regulatory Authority (Filing Agents and Qualified Individuals) Regulations 2015 as in force immediately before 9 June 2025;

“section” means a section of the Act.

(2)  In these Regulations, a reference to carrying out an ACRA transaction with the ACRA Registrar using the electronic transaction system includes carrying out the transaction by other means specified or directed by the ACRA Registrar if the electronic transaction system is unavailable.

Access to electronic transaction system

3.—(1)  The Registrar may grant each registered corporate service provider who provides the corporate service of carrying out an ACRA transaction with the ACRA Registrar using the electronic transaction system, access to the electronic transaction system for the purpose of carrying out that corporate service —

(a) on behalf of another person; or

(b) for one or more companies as a secretary for each of those companies.

(2)  The electronic transaction system must only be used by any of the following individuals who has been granted access to it under paragraph (1):

(a) a registered qualified individual (excluding a deemed registered qualified individual) employed, engaged or appointed by a registered corporate service provider;

(b) an authorised employee of a registered corporate service provider under the supervision of the registered corporate service provider (if the registered corporate service provider is also a registered qualified individual) or under the supervision of a registered qualified individual (excluding a deemed registered qualified individual) employed, engaged or appointed by the registered corporate service provider.

Qualified individuals

4.  For the purposes of the definition of “qualified individual” in section 2(1), a qualified individual is any of the following:

(a) an advocate and solicitor as defined in section 2(1) of the Legal Profession Act 1966;

(b) a public accountant as defined in section 2(1) of the Accountants Act 2004;

(c) a member of the Institute of Singapore Chartered Accountants who is —

(i) a chartered accountant registered under Part 6B of the ACRA Act; or

(ii) an associate member of the Institute of Singapore Chartered Accountants who has been an associate member for no less than 2 years;

(d) a member of the Association of International Accountants (Singapore Branch);

(e) a member of the Institute of Company Accountants, Singapore;

(f) an associate member or a fellow of the Chartered Secretaries Institute of Singapore;

(g) a corporate secretarial agent.

Made on 5 May 2025.

LAI CHUNG HAN

Permanent Secretary,
Ministry of Finance,
Singapore.

[F014.001.0048.V1; AG/LEGIS/SL/65E/2020/1]