Companies (Register of Controllers and Nominee Directors) (Amendment) Regulations 2022

No. S 424

Companies Act 1967

Companies (Register of
Controllers and Nominee Directors)
(Amendment) Regulations 2022

In exercise of the powers conferred by section 411 of the Companies Act 1967, the Minister for Finance makes the following Regulations:

Citation and commencement

1. These Regulations are the Companies (Register of Controllers and Nominee Directors) (Amendment) Regulations 2022 and come into operation on 30 May 2022.

Replacement of regulations 9 and 10

2. In the Companies (Register of Controllers and Nominee Directors) Regulations 2017 (G.N. No. S 116/2017) (called in these Regulations the principal Regulations), replace regulations 9 and 10 with —

“Prescribed form and place of register of nominee directors under section 386AKA(1) of Act

9. For the purposes of section 386AKA(1) of the Act —

(a)

the prescribed form of the register of nominee directors is set out in the Seventh Schedule; and

(b)

any of the following places is a prescribed place:

(i)	the registered office of the company;
(ii)	the registered office of any registered filing agent appointed by the company for the purpose of keeping the register of nominee directors.

Prescribed particulars of person for whom director is nominee under section 386AL(1) and (2) of Act

10.—(1) For the purposes of section 386AL(1)(a) and (b) and (2)(b) of the Act, the prescribed particulars of an individual for whom the director is a nominee are —

(a)	full name;
(b)	aliases, if any;
(c)	residential address;
(d)	nationality;
(e)	identity card number or passport number;
(f)	date of birth; and
(g)	date on which the director became the individual’s nominee.

(2) For the purposes of section 386AL(1)(a) and (b) and (2)(b) of the Act, the prescribed particulars of a legal entity for whom the director is a nominee are —

(a)	name;
(b)	unique entity number issued by the Registrar, if any;
(c)	address of registered office;
(d)	legal form of the legal entity;
(e)	jurisdiction where, and statute under which, the legal entity is formed or incorporated;
(f)	name of the corporate entity register of the jurisdiction in which the legal entity is formed or incorporated, if applicable;
(g)	identification number or registration number of the legal entity on the corporate entity register of the jurisdiction where the legal entity is formed or incorporated, if applicable; and
(h)	date on which the director became the legal entity’s nominee.”.

Amendment of Second Schedule

3. In the Second Schedule to the principal Regulations, in item 11, in the second column, replace the paragraph with —

“Where the company or foreign company keeps a register of its registrable controllers under section 386AF of the Act in which the particulars of its registrable controllers are entered — 2 business days after the date on which the company or foreign company enters the particulars of its registrable controllers in the register”.

Amendment of Seventh Schedule

4. In the Seventh Schedule to the principal Regulations —

(a)

replace the Schedule reference with “Regulation 9(a)”;

(b)

in Part 1, after item 8, insert —

“9.	Where there is any change to the particulars of the person for whom the director is a nominee —

(a)	the new particulars: .......................................................

(b)	the date on which the particulars changed: ................”; and

(c)

in Part 2, after item 9, insert —

“10.	Where there is any change to the particulars of the person for whom the director is a nominee —

(a)	the new particulars: ......................................................

(b)	the date on which the particulars changed: ...............”.

[G.N. No. S 625/2020]

Made on 23 May 2022.

LAI WEI LIN

Second Permanent Secretary,
Ministry of Finance,
Singapore.

[F14.1.48.V1; AG/LEGIS/SL/50/2020/11 Vol. 1]

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