Is Significant Investments Review Regulations 2024 still in force?

Yes — Significant Investments Review Regulations 2024 is currently in force.

How many regulations does Significant Investments Review Regulations 2024 have?

Significant Investments Review Regulations 2024 contains 7 regulations.

/akn/sg/act/sub_leg/2024/SIRA-S229-2024

Significant Investments Review Regulations 2024

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Type: Subsidiary Legislation
Status: In force
Enacted: 2024
Sections: 7

Quick answer

About this subsidiary legislation

Significant Investments Review Regulations 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SIRA-S229-2024 2024, currently marked in force and first recorded in 2024.

Part 1

PRELIMINARY

Regulation 1

Citation and commencement

These Regulations are the Significant Investments Review Regulations 2024 and come into operation on 28 March 2024.

Regulation 2

Definitions

In these Regulations —“appealable decision” and “appellant” have the meanings given by section 37 of the Act;“authorised representative”, in relation to an appellant, includes an advocate and solicitor or other legal representative of the appellant;“identity particulars” means —

(a)

for an individual who is a citizen of Singapore —

(i)

the full name of the individual; and

(ii)

the NRIC number of the individual;

(b)

for an individual who is not a citizen of Singapore —

(i)

the full name of the individual;

(ii)

the number of the passport or other identity document of the individual; and

(iii)

the nationality of the individual;

(c)

for an entity that is constituted or registered under any written law —

(i)

the registered name of the entity; and

(ii)

the Unique Entity Number (UEN) of the entity; and

(d)

for any other entity —

(i)

the full name of the entity; and

(ii)

the country under whose law the entity was constituted.

Definition

“appealable decision” and “appellant” have the meanings given by section 37 of the Act;

Definition

“authorised representative”, in relation to an appellant, includes an advocate and solicitor or other legal representative of the appellant;

Definition

“identity particulars” means —

(a)

for an individual who is a citizen of Singapore —

(i)

the full name of the individual; and

(ii)

the NRIC number of the individual;

(b)

for an individual who is not a citizen of Singapore —

(i)

the full name of the individual;

(ii)

the number of the passport or other identity document of the individual; and

(iii)

the nationality of the individual;

(c)

for an entity that is constituted or registered under any written law —

(i)

the registered name of the entity; and

(ii)

the Unique Entity Number (UEN) of the entity; and

(d)

for any other entity —

(i)

the full name of the entity; and

(ii)

the country under whose law the entity was constituted.

Part 2

CONTROL OF DESIGNATED ENTITIES AND OTHER ENTITIES

Regulation 3

Prescribed form and manner of application for approval under section 27 of Act

Subregulation 1

For the purposes of section 27(2) of the Act, the prescribed form is the relevant form that is set out at https://www.osir.gov.sg.

Subregulation 2

For the purposes of section 27(2) of the Act, an application under section 27(1) of the Act must be —

(a)

addressed to the Minister; and

(b)

sent by email to submissions@osir.gov.sg.

Part 3

RECONSIDERATION, APPEALS AND JUDICIAL REVIEW

Regulation 4

Prescribed manner of application for reconsideration under section 38 of Act

Subregulation 1

For the purposes of section 38(2)(a) of the Act, an application under section 38(1) of the Act —

(a)

must be in writing;

(b)

must be in the relevant form that is set out at https://www.osir.gov.sg;

(c)

must state —

(i)

the identity particulars of the appellant;

(ii)

the identity particulars and address in Singapore of the appellant’s authorised representative, if any;

(iii)

if the appellant is an individual — the appellant’s residential address;

(iv)

if the appellant is an entity — the address of its principal place of business or registered office; and

(v)

an email address for the service of documents on the appellant and the appellant’s authorised representative (if any) in connection with the application;

(d)

must —

(i)

be accompanied by a copy of the appealable decision for which reconsideration is sought; or

(ii)

if a copy is not available — identify the appealable decision for which reconsideration is sought;

(e)

must —

(i)

specify the relief sought;

(ii)

contain a summary of the grounds of the application;

(iii)

state the arguments for each of those grounds; and

(iv)

be accompanied by any documents supporting those arguments;

(f)

must be signed and dated by the appellant, or on the appellant’s behalf by the authorised representative of the appellant;

(g)

must be addressed to the Minister; and

(h)

must be sent by email to submissions@osir.gov.sg.

Subregulation 2

If strict compliance with a form mentioned in paragraph (1)(b) is not possible, the Minister may allow for modifications to be made to that form, or for the requirements of that form to be complied with in some other manner.

Subregulation 3

An application under section 38(1) of the Act may be withdrawn by the appellant at any time before the Minister makes a decision in respect of the application.

Regulation 5

Prescribed fee for appeal to Reviewing Tribunal under section 39 of Act

For the purposes of section 39(1) of the Act, a fee of $200 is prescribed for an appeal to a Reviewing Tribunal.

Part 4

ENFORCEMENT

Regulation 6

Compoundable offences

Subregulation 1

Subject to paragraph (2), an offence under any of the provisions of the Act specified in the Schedule is a compoundable offence under section 53(1) of the Act.

Subregulation 2

A continuing offence is not a compoundable offence.

Part 5

MISCELLANEOUS

Regulation 7

Prescribed website for Guidelines on Fit and Proper Criteria

For the purposes of section 54(4)(a) of the Act, the prescribed website is https://www.osir.gov.sg.

Common questions

What is Significant Investments Review Regulations 2024?: Significant Investments Review Regulations 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation SIRA-S229-2024 2024, currently marked in force and first recorded in 2024.
Is Significant Investments Review Regulations 2024 still in force?: Yes — Significant Investments Review Regulations 2024 is currently in force.
When did Significant Investments Review Regulations 2024 take effect?: Significant Investments Review Regulations 2024 was first recorded in 2024.
How many regulations does Significant Investments Review Regulations 2024 have?: Significant Investments Review Regulations 2024 contains 7 regulations.
Where can I read the official version of Significant Investments Review Regulations 2024?: The official text of Significant Investments Review Regulations 2024 is published at sso.agc.gov.sg.