Singapore legislation
Regulation 7
Regulation 7
“Fit and proper” factors for key appointment holders of applicants for registration as registered corporate service providers
For the purposes of section 9(2) read with section 9(1)(c), the factors which the Registrar may consider in determining whether a key appointment holder of an applicant for registration as a registered corporate service provider or the renewal of such registration is a fit and proper person include —
whether the person has been convicted (whether in Singapore or elsewhere) of any offence involving fraud or dishonesty punishable with imprisonment for 3 months or more, or of any relevant offence;
whether the person is an undischarged bankrupt, whether in Singapore or elsewhere;
whether the person’s previous conduct and compliance history as a key appointment holder, registered corporate service provider or registered qualified individual (if applicable), including (if applicable) as a registered filing agent or registered qualified individual under the ACRA Act as in force immediately before 9 June 2025, has been satisfactory;
whether the person has acted in a manner that adversely reflects on the person’s commercial integrity, including whether the person has committed professional misconduct, breach of fiduciary duty or serious negligence or caused, contributed to or facilitated the commission of professional misconduct, breach of fiduciary duty or serious negligence by some other person;
whether the person has the competency, capacity and capability to ensure that the corporate service provider is able to properly fulfil the duties and responsibilities of a registered corporate service provider under the Act;
whether it would be contrary to the national or general public interest for the person to be a key appointment holder of a registered corporate service provider; and
whether the person’s record of compliance with requirements for the following to which the person is subject under the Act or any other written law, or the law of any foreign country or territory, is satisfactory:
the prevention of money laundering;
the prevention of proliferation financing;
the prevention of terrorism financing.