Singapore legislation
Regulation 4
Regulation 4
Persons to whom section 28(2) of Act does not apply
Subregulation 1
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
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
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.