Register of Registrable Controllers.

Companies, foreign companies and LLPs (unless exempted) will be required, With effect from 31 March 2017, to maintain beneficial ownership information in the form of a register of registrable controllers, and to make the information available to public agencies upon request. The aims is to make the ownership and control of corporate entities more transparent and reduce opportunities for the misuse of corporate entities for illicit purposes. This will bring Singapore in line with international standards, and boost Singapore’s on-going efforts to maintain our strong reputation as a trusted and clean financial hub. This is the reason Singapore regulatory authority ACRA has enacted it.