Accounting and Corporate Regulatory Authority Act 2004 · 2020 Revised Edition · Part 6B · Chartered Accountants of Singapore
35D. Registration of chartered accountant
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No person, except a designated entity, may register, or renew the registration of, any person as a chartered accountant.
designated entity
“designated entity” means any company, association or body of persons, corporate or unincorporate, specified in the Third Schedule;
A designated entity may, on the application of any person made in accordance with the membership rules or other requirements of the designated entity, register the person as a chartered accountant if the person —
chartered accountant
“chartered accountant” means a person registered or deemed to be registered as a Chartered Accountant of Singapore under Part 6B;
has completed, to the satisfaction of the Authority, any professional qualification programme that may be specified by the Authority for the class of persons to which that person belongs;
is a member of the designated entity;
satisfies the requirements relating to chartered accountants specified in the membership rules of the designated entity; and
satisfies any other requirements that may be prescribed.
Subject to subsections (4) and (5), every registration of a member of a designated entity as a chartered accountant under this Act —
is valid for one year, unless the registration ceases or is revoked earlier under this Act; and
on its expiry and on an application made by the member in accordance with the membership rules of the designated entity, may be renewed by the designated entity for the same period.
A designated entity must not renew the registration of a chartered accountant under subsection (3)(b) if the chartered accountant —
ceases to be a member of the designated entity;
does not satisfy any of the requirements relating to chartered accountants specified in the membership rules of the designated entity; or
does not satisfy any other requirement that may be prescribed.
Without affecting subsection (4), a designated entity must not renew the registration of a chartered accountant under subsection (3)(b) while the chartered accountant’s membership in the designated entity is suspended.
Any person, other than a designated entity, that holds himself, herself or itself out as a designated entity, or purports to register, or renew the registration of, any person as a chartered accountant, shall be guilty of an offence and shall be liable on conviction —
to a fine not exceeding $5,000; and
in the case of a second or subsequent offence, to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 6 months or to both.