Singapore legislation

Regulation 89A

Public interest company

Amended byS 369/2023 wef 31/12/2021S 439/2021 wef 01/07/2021S 369/2023 wef 31/12/2021S 439/2021 wef 01/07/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 209/2023 wef 28/04/2023S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 63/2020 wef 28/01/2020S 369/2023 wef 31/12/2021S 63/2020 wef 28/01/2020S 63/2020 wef 28/01/2020S 63/2020 wef 28/01/2020S 369/2023 wef 31/12/2021S 369/2023 wef 08/10/2018S 369/2023 wef 31/12/2021S 369/2023 wef 08/10/2018S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 948/2024 wef 09/12/2024S 379/2015 wef 01/07/2015S 369/2023 wef 31/12/2021

Subregulation 1

Amended byS 369/2023 wef 31/12/2021

For the purposes of section 205AA(4) of the Act, “public interest company” means —

(a)

a company which is listed or in the process of issuing its debt or equity instruments for trading on a securities exchange outside Singapore;

(b)

a company which is a relevant financial institution; or (c)a company —

(i)

which is a charitable company or an institution of a public character within the meaning of the Charities Act 1994; and

(ii)

which gross annual receipts in each of the immediately preceding 2 financial years is not less than $10 million.

Subregulation 2

Amended byS 439/2021 wef 01/07/2021S 369/2023 wef 31/12/2021S 439/2021 wef 01/07/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 209/2023 wef 28/04/2023S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 63/2020 wef 28/01/2020S 369/2023 wef 31/12/2021S 63/2020 wef 28/01/2020S 63/2020 wef 28/01/2020S 63/2020 wef 28/01/2020S 369/2023 wef 31/12/2021S 369/2023 wef 08/10/2018S 369/2023 wef 31/12/2021S 369/2023 wef 08/10/2018S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 369/2023 wef 31/12/2021S 948/2024 wef 09/12/2024S 379/2015 wef 01/07/2015S 369/2023 wef 31/12/2021

In paragraph (1)(b), “relevant financial institution” means —

(a)

a bank that holds a licence under section 7 or 79 of the Banking Act 1970;

(aa)a merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act 1970;

(b)

a finance company licensed under the Finance Companies Act 1967;

(c)

a holder of a financial adviser’s licence granted under the Financial Advisers Act 2001;

(ca)a relevant financial institution approved or treated as having been approved under section 4 of the Financial Services and Markets Act 2022;

(d)

an insurance broker registered under the Insurance Act 1966;

(e)

an insurer licensed under the Insurance Act 1966;

(f)

[Deleted by S 209/2023 wef 28/04/2023](g)a person that has in force a standard payment institution licence granted under section 6 of the Payment Services Act 2019;

(h)

a person that has in force a major payment institution licence granted or deemed to have been granted under section 6 of the Payment Services Act 2019;

(i)

an operator of a payment system designated under section 42 of the Payment Services Act 2019;

(ia)a settlement institution of a payment system designated under section 42 of the Payment Services Act 2019;

(j)

a licensed trade repository within the meaning of section 2(1) of the Securities and Futures Act 2001;

(k)

a corporation approved as an approved exchange under section 9(1)(a) of the Securities and Futures Act 2001;

(l)

a corporation that is recognised as a recognised market operator under section 9(1)(b) or (2) of the Securities and Futures Act 2001;

(m)

a corporation approved as an approved clearing house under section 51(1)(a) of the Securities and Futures Act 2001;

(n)

a corporation that is recognised as a recognised clearing house under section 51(1)(b) or (2) of the Securities and Futures Act 2001;

(o)

a corporation approved as an approved holding company under section 81W of the Securities and Futures Act 2001;

(p)

a holder of a capital markets services licence granted under section 86 of the Securities and Futures Act 2001;

(q)

a public company approved to act as a trustee for collective investment schemes under section 289 of the Securities and Futures Act 2001; or (r)[Deleted by S 948/2024 wef 09/12/2024](s)a licensed trust company within the meaning of section 2 of the Trust Companies Act 2005.

Read in full context — Companies Regulations →