Singapore legislation

Clause 17

of Significant Investments Review Bill

Clause 17

Designation of designated entity

(1)

The Minister may designate —

(a)

any entity incorporated, formed or established in Singapore;

(b)

any entity that carries out any activity in Singapore; or

(c)

any entity that provides any goods and services to any person in Singapore,if the Minister considers that the designation is necessary in the interest of Singapore’s national security.

(2)

Before the Minister designates any entity under subsection (1), the Minister must, unless the Minister considers that it is not practicable or desirable to do so in any particular case —

(a)

give notice of the Minister’s intention to designate the entity to the entity concerned; and

(b)

give the entity at least 14 days after the date of the notice to make written representations on the proposed designation.

(3)

Once a designation is made under subsection (1), the Minister must, as far as practicable and without delay, give notice of the designation —

(a)

to the entity that is designated; and

(b)

to any other person who, in the Minister’s opinion, ought to have notice of the designation.

(4)

The Minister may cancel a designation under subsection (1) at any time.

(5)

Any designation under subsection (1), and any cancellation of a designation under subsection (4), must be notified in the Gazette as soon as practicable.

Read in full context — Significant Investments Review Bill →