Maritime and Port Authority of Singapore Act 1996 · 2020 Revised Edition · Part 12A · Control of Designated Operating Entities and Designated Equity Interest Holders
86FC. Occurrence of certain events
Feedback & supportLast amended by an amending law of 2024.
A designated entity or, in the case of a designated entity that is a business trust, its trustee-manager, must notify the Authority of any of the following agreements at least 14 days before entering into the agreement:
in the case of a designated entity that is a designated operating entity — an agreement for the outsourcing of a material function performed by the designated operating entity in the provision of any essential transport service;
any agreement prescribed under section 119.
Subsection (1) does not apply in relation to any agreement entered into by a designated entity before the expiry of 14 days after the effective designation date.
A designated entity or, in the case of a designated entity that is a business trust, its trustee-manager, must notify the Authority of the occurrence of any of the following events within 7 days after becoming aware of the occurrence:
business trust
“business trust” has the meaning given by section 2 of the Business Trusts Act 2004;
in the case of a designated entity that is a designated operating entity —
any civil or criminal proceedings (whether in Singapore or elsewhere) instituted against the designated entity or, if the designated entity is a business trust, its trustee-manager, that materially impedes or impairs the operations of the designated entity carried out in the course of providing any essential transport service; or
any other event or any irregularity that materially impedes or impairs the operations of the designated entity carried out in the course of providing any essential transport service;
the designated entity or, if the designated entity is a business trust, its trustee-manager, being or becoming, or being likely to become, insolvent;
the designated entity or, if the designated entity is a business trust, its trustee-manager —
being wound up or subject to any receivership or judicial management order; or
entering into a compromise or scheme of arrangement;
in the case of a designated entity that is a business trust — the business trust being wound up or deregistered or the making of an application for the deregistration of the business trust;
any other event prescribed under section 119.
Subsection (3) does not apply where the designated entity or trustee-manager (as the case may be) becomes aware of the occurrence of the event before the effective designation date.
trustee‑manager
“trustee‑manager” has the meaning given by section 2 of the Business Trusts Act 2004;
The Authority may, upon receiving a notification under subsection (1) or (3) in relation to an agreement or the occurrence of an event, direct the designated entity or trustee-manager in question to submit to the Authority any information or document relating to the agreement or event within the period specified by the Authority.
Any person who —
contravenes subsection (1) or (3);
fails to comply with a direction of the Authority under subsection (5); or
submits any false or misleading information or document in compliance or purported compliance with a direction of the Authority under subsection (5),shall be guilty of an offence.