Corporate Service Providers Act 2024(No. 22 of 2024)
Table of Contents
Long Title
Enacting Formula
Part 1 PRELIMINARY
1 Short title and commencement
2 General interpretation
3 Meaning of "accounting service", etc.
4 Purpose of Act
5 Administration of Act and appointment of Registrar of Corporate Service Providers, etc.
6 Registers
Part 2 REGULATION OF PROVISION OF CORPORATE SERVICES
Division 1 — Provision of corporate services
7 No carrying on business of providing corporate services without registration
Division 2 — Registration of corporate service providers
8 Registration and renewal of registration of corporate service providers
9 Criteria for registration or renewal of registration of corporate service providers
Division 3 — Registration of qualified individuals
10 Registration and renewal of registration of qualified individuals
11 Criteria for registration or renewal of registration of qualified individuals
Division 4 — Provisions applicable to registered persons who are not deemed corporate service providers or deemed registered qualified individuals
12 Obligation to notify Registrar
13 Modification, etc., of conditions of registration
Part 3 DUTIES AND RESPONSIBILITIES OF REGISTERED CORPORATE SERVICE PROVIDERS
14 General requirement on provision of corporate services
15 Registered qualified individuals of deemed registered corporate service providers
16 Arranging for person to act as nominee director
17 Prevention of money laundering, proliferation financing and terrorism financing
Part 4 REGULATORY ACTIONS
Division 1 — Regulatory actions against registered corporate service providers
18 Cancellation of registration of registered corporate service providers
19 Regulatory action for contravention of Act, etc., by registered corporate service providers
Division 2 — Regulatory actions against registered qualified individuals
20 Cancellation of registration of registered qualified individuals
21 Regulatory action for contravention of Act, etc., by registered qualified individuals
Division 3 — Proceedings for regulatory action
22 Proceedings for regulatory action
Part 5 APPEALS
23 Appeal to Minister
24 Designation of others to hear appeals
Part 6 GENERAL OFFENCE
25 Providing false information to Registrar
Part 7 GENERAL
26 Protection from personal liability
27 Composition of offences
28 Interest for non‑payment and recovery of financial penalty
29 Offences by corporations
30 Offences by unincorporated associations or partnerships
31 Jurisdiction of courts
32 Power to publish or disclose information
33 Service of documents
34 Exemption
35 Regulations
Part 8 CONSEQUENTIAL AND RELATED AMENDMENTS TO OTHER ACTS
36 Amendment of ACRA Act
37 Amendment of Business Names Registration Act 2014
38 Amendment of Companies Act 1967
39 Amendment of Limited Liability Partnerships Act 2005
40 Amendment of Variable Capital Companies Act 2018
Part 9 SAVING AND TRANSITIONAL PROVISIONS
41 Interpretation of this Part
42 Saving and transitional provisions for carrying on business of providing corporate services
43 Saving and transitional provisions for regulatory action against registered filing agents, etc.
44 Saving and transitional provisions for registered qualified individuals
45 Saving and transitional provisions for regulatory action against ACRA RQIs, etc.
46 Saving and transitional provisions