Singapore companies must now register their controllers with regulator

New regulations came into force on 1 May compelling all Singapore-based companies to register all persons with significant control to the city state's corporate regulator. The Accounting and Corporate Regulatory Authority (ACRA) has said that, as of this month all companies, foreign companies and limited liability partnerships incorporated or registered in Singapore must ensure their register of persons with significant control is submitted. Henceforce, ACRA must be notified of any changes to that register within 48 hours. ACRA says the information will not be made publicly available,...