Singapore legislation

Regulation 14

of Corporate Service Providers Regulations 2025

Regulation 14

Internal policies, procedures and controls in respect of access to electronic transaction system

A registered corporate service provider (X) who provides the corporate service mentioned in paragraph (f) of the definition of “corporate service” in section 2(1) must develop, implement and maintain internal policies, procedures and controls in respect of X’s access to the electronic transaction system and in particular, must ensure that —

(a)

X’s means of access to the electronic transaction system is not used —

(i)

to carry out any ACRA transaction with the ACRA Registrar, unless the ACRA transaction relates to a customer of X and the ACRA transaction is authorised by that customer;

(ii)

for any purpose prohibited by the ACRA Registrar;

(iii)

for any illegal purpose; or

(iv)

by any person other than a registered qualified individual (excluding a deemed registered qualified individual) employed, engaged or appointed by X, or an authorised employee of X under X’s supervision (if X is also a registered qualified individual) or under the supervision of a registered qualified individual (excluding a deemed registered qualified individual) employed, engaged or appointed by X;

(b)

any registered qualified individual (excluding a deemed registered qualified individual) employed, engaged or appointed by X carries out the duties and responsibilities set out in regulations 43 to 48 in respect of any ACRA transaction with the ACRA Registrar using the electronic transaction system; and

(c)

any authorised employee of X who carries out any ACRA transaction with the ACRA Registrar using the electronic transaction system under X’s supervision (if X is also a registered qualified individual) or under the supervision of a registered qualified individual (excluding a deemed registered qualified individual) employed, engaged or appointed by X, complies with —

(i)

the Registrar’s directions;

(ii)

X’s internal policies, procedures and controls; and

(iii)

the instructions of X or the registered qualified individual employed, engaged or appointed by X, or both,regarding access to, and use of, the electronic transaction system.

Read in full context — Corporate Service Providers Regulations 2025 →