Singapore legislation
Regulation 26
of Electronic Transactions (Certification Authority) Regulations 2010
Regulation 26
Change in management
Subregulation 1
An accredited certification authority must notify the Controller within 5 days of any changes in —
the appointment of any person as a member of its board of directors, its chairperson or its chief executive, or their equivalent; or
any persons with a controlling interest in the certification authority.
Subregulation 2
For the purposes of paragraph (1)(b), a person has a controlling interest in a certification authority if —
that person has an interest in the voting shares of the certification authority and exercises control over the certification authority; or
that person has an interest in the voting shares of the certification authority of an aggregate of at least 30% of the total votes attached to all voting shares in the certification authority, unless that person does not exercise control over the certification authority.
Subregulation 3
The notification required in relation to paragraph (1)(b) must be in the form that the Controller may require and must include the following information:
the name of the person with a controlling interest;
the percentage of the voting shares in the certification authority acquired by that person.