Singapore legislation
Regulation 12
Regulation 12
Access to information on limited partners of relevant limited partnerships
Subregulation 1
The particulars of the limited partners of a relevant limited partnership and any document containing the particulars of such limited partners filed or lodged with the Registrar shall not be open to inspection by the public.
Subregulation 2
No particulars or document referred to in paragraph (1) and no copy or extract thereof shall be furnished to the public, or certified under section 18B(1) of the Act, by the Registrar.
Subregulation 3
The general partners of a relevant limited partnership shall maintain a register, in such form as the Registrar may require, containing —
the following information of each individual who is a partner of the limited partnership:
full name;
identification;
nationality;
residential address; (v)contact address; and
the following information of each body corporate which is a partner of the limited partnership:
the corporate name;
place of incorporation or registration;
registration number;
registered office of the corporation to which all notices and communications may be addressed.
Subregulation 4
The register referred to in paragraph (3) shall be kept at the principal place of business of the limited partnership registered with the Registrar and shall be open to inspection during ordinary business hours by —
the partners of the limited partnership; and
any person responsible for the management of the limited partnership.
Subregulation 5
In this regulation —
Definition
“licensed fund manager” means a person who is licensed to carry on business in the regulated activity of fund management under the Securities and Futures Act (Cap. 289) and includes a person exempted from the requirement to be so licensed under section 99 of that Act;
Definition
“relevant limited partnership” means a limited partnership established primarily for the purpose of establishing a fund for investment where the fund is managed by —
a general partner of the limited partnership who is a licensed fund manager; or
a licensed fund manager appointed to manage the fund by a general partner with authority to appoint him to manage the fund.
Subregulation 6
Without limiting the generality of paragraph (5), a fund is managed by a licensed fund manager for the purposes of the definition of “relevant limited partnership” in paragraph (5) if the licensed fund manager is appointed to evaluate and recommend investments for the fund, notwithstanding that the fund (or any part of it) is invested —
by a general partner of the limited partnership; or
by the licensed fund manager but only upon approval of the investment by a general partner of the limited partnership.
Subregulation 7
For the purposes of the definition of “relevant limited partnership” in paragraph (5), a limited partnership is not established primarily for the purpose of establishing a fund for investment if the limited partnership carries on any business other than the investment of the fund unless that business is solely incidental to the investment of the fund.