In forceUpdated to 9 Jun 2025

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Corporate Service Providers Act 2024 · Updated to 9 Jun 2025 · Part 3 · Duties and Responsibilities of Registered Corporate Service Providers

15. Registered qualified individuals of deemed registered corporate service providers

(1)

A deemed registered corporate service provider (X) must provide to the Registrar, in the form and manner specified by the Registrar and by the date mentioned in subsection (2), prescribed particulars of every registered qualified individual employed, engaged or appointed for the purpose of carrying out, or supervising the carrying out of, any designated activity in relation to the provision of any accounting service by X.

(2)

The date mentioned in subsection (1) is —

(a)

where X carries on the business of providing the corporate service immediately before the date of commencement of this section — the last day of the prescribed period after that date; or

(b)

in any other case — the date on which X commences the business of providing the corporate service mentioned in subsection (1).

(3)

If, by the date in subsection (2)(a) or (b) (as the case may be), X fails to provide the particulars of at least one registered qualified individual in accordance with subsection (1) to the Registrar, then every key appointment holder of X who is a public accountant (Y) —

(a)

is treated as registered under section 10 as a registered qualified individual starting on that date; and

(b)

continues to be so treated until his or her deemed registration is suspended or cancelled under section 20(2) or 21(2) or (3).

(4)

However, Y is not treated as a registered qualified individual —

(a)

when carrying out any act for any person other than X; or

(b)

when providing a corporate service (other than that mentioned in paragraph (e) of the definition of “corporate service” in section 2(1)) for, or supervising the provision of such corporate service by, X.

(5)

X may, after the date mentioned in subsection (2), provide to the Registrar the prescribed particulars of any registered qualified individual whom X employs, engages or appoints for the purpose mentioned in subsection (1).

Terms defined in this Act

accounting service
Defined · s 3
“accounting service” means any of the following services:(a)financial accounting service;(b)internal audit service;(c)management accounting service;(d)taxation service;
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corporate service
Defined · s 2
“corporate service” means any of the following services:(a)forming, on behalf of another person, a corporation or other legal person;(b)acting, or arranging for another person to act —(i)as a director or secretary of a corporation;(ii)as a partner of a partnership; or(iii)in a similar capacity in relation to other legal persons;(c)providing a registered office, business address, correspondence or administrative address or other related services for a corporation, partnership or other legal person;(d)acting, or arranging for another person to act, as a nominee shareholder on behalf of any corporation, other than a corporation whose securities are listed on an approved exchange within the meaning of section 2(1) of the Securities and Futures Act 2001;(e)carrying out any designated activity in relation to the provision of any accounting service;(f)carrying out an ACRA transaction with the ACRA Registrar using the electronic transaction system —(i)on behalf of another person; or(ii)for one or more companies as a secretary of each of those companies;
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deemed registered corporate service provider
Defined · s 2
“deemed registered corporate service provider” means an accounting entity that is treated under section 7(2) as registered under section 8 as a registered corporate service provider;
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designated activity
Defined · s 2
“designated activity” means the preparation to carry out or the carrying out of transactions for a customer concerning any of the following activities:(a)buying or selling of real estate;(b)management of client money, securities or other assets;(c)management of bank, savings or securities accounts;(d)organisation of contributions for the creation, operation or management of corporations;(e)creation, operation or management of legal persons or legal arrangements, or buying and selling of business entities;
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key appointment holder
Defined · s 2
“key appointment holder”, in relation to any person (X), means any of the following persons:(a)where X is a sole proprietorship — the sole proprietor;(b)where X is a partnership or limited partnership — a partner of the partnership or limited partnership;(c)where X is a company —(i)a member of the board of directors; or(ii)an individual for the time being holding the office of chairperson or chief executive officer of the company;(d)where X is a limited liability partnership — a partner or manager of the limited liability partnership;(e)any person, other than a person mentioned in paragraph (a), (b), (c) or (d), by whatever name called, who is principally responsible for the management and conduct of X’s business activities in providing corporate services;
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public accountant
Defined · s 2
“public accountant” has the meaning given by section 2(1) of the Accountants Act 2004;
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registered qualified individual
Defined · s 2
“registered qualified individual” means a qualified individual who is registered under this Act, and includes —(a)a deemed registered qualified individual; and(b)a person who is treated under section 44(1) as registered under section 10 as a registered qualified individual;
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Registrar
Defined · s 2
“Registrar” means the Registrar of Corporate Service Providers appointed under section 5(2)(a), and includes any Deputy Registrar or Assistant Registrar;
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registration
Defined · s 2
“registration” means registration of a registered corporate service provider or registered qualified individual, as the case may be;
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