Singapore legislation
Schedule 15
Schedule 15
Foreign companies to which Part 11A does not apply
FIFTEENTH SCHEDULESections 8(7), 386AA(1) and (1A) and 386AC(c)Foreign companies to which Part 11A does not apply
1. Subject to section 386AA(1A), Part 11A does not apply to any of the following foreign companies:
a foreign company that is a Singapore financial institution;
a foreign company that is a wholly‑owned subsidiary of a foreign company that is a Singapore financial institution;
a foreign company which shares are listed on a securities exchange in a country or territory outside Singapore and which is subject to —
regulatory disclosure requirements; and
requirements relating to adequate transparency in respect of its beneficial owners,imposed through stock exchange rules, law or other enforceable means;[S 383/2023 wef 28/06/2023](d)a foreign company which shares are listed for quotation on an approved exchange in Singapore, such listing being a primary listing.[S 383/2023 wef 28/06/2023][Act 24 of 2025 wef 06/05/2026]2. In paragraph 1, “Singapore financial institution” has the meaning given in paragraph 2 of the Fourteenth Schedule.[15/2017][Act 24 of 2025 wef 06/05/2026]