On 2 July 2024, the Singapore Parliament passed the Corporate Service Providers Bill (CSP Bill) and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) Bill (CLLPMA Bill). The bills, which seek to regulate and impose various obligations on corporate service providers and enhance the transparency of beneficial ownership of companies and limited liability partnerships, will come into operation on a date to be appointed by notification in the Gazette.
We have prepared an update highlighting the key changes introduced in the CSP Bill and CLLPMA Bill.
If you would like information and/or assistance on the above or any other area of law, you may wish to contact the Partner at WongPartnership whom you normally work with or any of the following Partners:
Vivien YUI
Partner – Business Establishment and Mergers & Acquisitions
d +65 6416 8009
e vivien.yui@wongpartnership.com
Click here to view Vivien’s CV.
LIM Jia Ying
Partner – Business Establishment and Mergers & Acquisitions
d +65 6416 8247
e jiaying.lim@wongpartnership.com
Click here to view Jia Ying’s CV.