Singapore legislation

Regulation 4

of Accounting and Corporate Regulatory Authority (Authorised Users of Electronic Transaction System) Regulations 2015

Regulation 4

Persons to whom section 28(2) of Act does not apply

Amended byS 295/2025 wef 09/06/2025S 295/2025 wef 09/06/2025S 295/2025 wef 09/06/2025

Subregulation 1

Amended byS 295/2025 wef 09/06/2025

Pursuant to section 28(4) of the Act, where a holding company (A) gives the Chief Executive notice that a secretary of A is authorised to transact on behalf of a subsidiary of the holding company (B), then the secretary may transact on behalf of B even if the secretary is not a registered corporate service provider for providing the service mentioned in paragraph (f)(i) of the definition of “corporate service” in section 2(1) of the Corporate Service Providers Act 2024.

Subregulation 2

Amended byS 295/2025 wef 09/06/2025

Pursuant to section 28(4) of the Act, where A gives the Chief Executive a notice under paragraph (1) and specifies in the notice that an employee of A, or a qualified individual appointed, employed or engaged by A, is authorised to transact on behalf of A or B or both, then that employee or qualified individual may transact on behalf of A or B or both, as specified by A in the notice, even though the employee or qualified individual is not a registered corporate service provider mentioned in paragraph (1).

Subregulation 3

Amended byS 295/2025 wef 09/06/2025

Pursuant to section 28(4) of the Act, where A gives the Chief Executive a notice under paragraph (1) and specifies in the notice that an employee of B, or a qualified individual appointed, employed or engaged by B, is authorised to transact on behalf of A or B or both, then that employee or qualified individual may transact on behalf of A or B or both, as specified by A in the notice, even though the employee or qualified individual is not a registered corporate service provider mentioned in paragraph (1).

Subregulation 4

In this regulation, a reference to a notice given to the Chief Executive means a notice given in such form and manner as the Chief Executive determines.