Limited Liability Partnerships (Register of Controllers) (Amendment) Regulations 2020

Status:

Published in Subsidiary Legislation Supplement
on 28 Jul 2020

No. S 627

Limited Liability Partnerships Act

(CHAPTER 163A)

Limited Liability Partnerships
(Register of Controllers)
(Amendment) Regulations 2020

In exercise of the powers conferred by section 56 of the Limited Liability Partnerships Act, the Minister for Finance makes the following Regulations:

Citation and commencement

1. These Regulations are the Limited Liability Partnerships (Register of Controllers) (Amendment) Regulations 2020 and come into operation on 30 July 2020.

New Part 1 heading

2. The Limited Liability Partnerships (Register of Controllers) Regulations 2017 (G.N. No. S 120/2017) (called in these Regulations the principal Regulations) are amended by inserting, immediately above regulation 1, the following Part heading:

“PART 1

PRELIMINARY”.

New Part 2 heading

3. The principal Regulations are amended by inserting, immediately above regulation 3, the following Part heading:

“PART 2

New Part 3

4. The principal Regulations are amended by inserting, immediately after regulation 8, the following Part:

“PART 3

Central register of controllers

Prescribed form and manner of lodgment

9. For the purposes of section 32M(3) of the Act, any lodgment made under section 32M(2)(b) of the Act must be made through the electronic transaction system established under Part VIA of the Accounting and Corporate Regulatory Authority Act (Cap. 2A).

Prescribed circumstances for disclosure, etc., of central register of controllers

10.—(1) For the purposes of section 32M(5) of the Act, the Registrar may disclose, or make available for inspection, the central register of controllers of limited liability partnerships kept by the Registrar to a public agency whose functions include administering or enforcing any written law, where —

(a)

the public agency has requested —

(i)	information in the central register of controllers of limited liability partnerships; or
(ii)	to inspect the central register of controllers of limited liability partnerships; and

(b)

the Registrar is satisfied that the information or inspection so requested is for the purpose of enabling the public agency to administer or enforce the written law.

(2) In this regulation, “public agency” has the meaning given by section 32L(6) of the Act.”.

Amendment of Second Schedule

5. The Second Schedule to the principal Regulations is amended by inserting, immediately after item 10, the following items:

“11.	Section 32M(3) (prescribed time within which the particulars mentioned in section 32M(2)(b)(i) must be lodged with the Registrar)

Where the limited liability partnership —

(a)	keeps a register of its registrable controllers under section 32F of the Act as at 30 July 2020 — 30 days after 30 July 2020; or

(b)

keeps a register of its registrable controllers under section 32F of the Act only after 30 July 2020 in which the particulars of its registrable controllers are entered — 2 business days after the date on which the limited liability partnership enters the particulars of its registrable controllers in the register

12.	Section 32M(3) (prescribed time within which the updates mentioned in section 32M(2)(b)(ii) must be lodged with the Registrar)

Where the limited liability partnership enters or updates the particulars of any registrable controller in its register under section 32F(6) of the Act — 2 business days after the date on which the limited liability partnership enters or updates the particulars of the registrable controller”.

Made on 14 July 2020.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[F14.1.43; AG/LEGIS/SL/163A/2020/2 Vol. 1]

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