Corporate Service Providers Act 2024 · Updated to 9 Jun 2025 · Part 4 · Regulatory Actions
19. Regulatory action for contravention of Act, etc., by registered corporate service providers
Official textFrom Singapore Statutes Online, unchanged
This section applies where the Registrar is satisfied that a registered corporate service provider (Z) is contravening or is not complying with, or has contravened or failed to comply with —
Registrar
“Registrar” means the Registrar of Corporate Service Providers appointed under section 5(2)(a), and includes any Deputy Registrar or Assistant Registrar;
if Z is not a deemed registered corporate service provider —
any of the conditions of Z’s registration; or
any requirement under this Act or the regulations, the contravention of or non‑compliance with which is not an offence under this Act; or
if Z is a deemed registered corporate service provider — any requirement under this Act or the regulations, the contravention of or non‑compliance with which is not an offence under this Act.
Where this section applies, the Registrar may —
cancel Z’s registration;
suspend Z’s registration for a period not exceeding 12 months;
restrict Z’s use of the electronic transaction system to the extent the Registrar thinks fit;
direct Z to pay, within a period specified in the direction, a financial penalty of an amount the Registrar thinks fit, but not exceeding $25,000 for each contravention or non‑compliance that is the subject of the regulatory action; or
censure Z.
If Z has been directed to pay a financial penalty under subsection (2)(d) and fails to pay the financial penalty within the period specified in the direction, the Registrar may (without affecting section 28) —
cancel Z’s registration;
suspend Z’s registration for a period not exceeding 12 months; or
restrict Z’s use of the electronic transaction system to the extent the Registrar thinks fit.
Terms defined in s 2
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;
electronic transaction system
Defined · s 2“electronic transaction system” means the electronic transaction system established by the Authority under section 27(1) of the ACRA Act;
registered corporate service provider
Defined · s 2“registered corporate service provider” means a corporate service provider who is registered under this Act, and includes —(a)a deemed registered corporate service provider; and(b)a person who is treated under section 42(3) as registered under section 8 as a registered corporate service provider;
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;
registration
Defined · s 2“registration” means registration of a registered corporate service provider or registered qualified individual, as the case may be;
Part 5
Appeals
Part 6
General Offence
Part 7
General
Part 8
Consequential and Related Amendments to Other Acts
Part 9