Registers of controllers and nominee directors in Singapore: 10 things you need to know
Amendments were made to the Singapore Companies Act (Chapter 50) on 31 March 2017 to enhance the transparency of Singapore companies in line with Financial Action Task Force guidelines.
As part of these amendments, the following registers have to be maintained:
- register of controllers for Singapore companies and branches
- register of nominee directors for Singapore companies
- register of members for Singapore branches
This memorandum sets out a summary of the requirements and 10 key things you need to know about the new registers.Read more