By Patrick Ong & Hannah Poh
On 5 November 2025, the Corporate and Accounting Laws (Amendment) Bill (the “Bill”) was passed by Parliament, relating to amendments to Singapore’s corporate and accounting laws as part of a regular review by the Ministry of Finance of Singapore (“MOF”) and the Accounting and Corporate Regulatory Authority of Singapore (“ACRA”), with respect to the regulatory functions of and legislation administered by ACRA. There were five (5) objectives stated, as follows:
(a) To tighten rules against the misuse of companies for unlawful purposes;
(b) To safeguard shareholders’ interests;
(c) To strengthen the regulatory framework for companies;
(d) To reduce regulatory burden for companies; and
(e) To enhance the regulatory regime for public accountants.
The first tranche of provisions under the Corporate and Accounting Laws (Amendment) Act 2025 (the “Act”) commenced on 6 May 2026.
Continue reading “Overview of Key Changes under the Corporate and Accounting Laws (Amendment) Act 2025”
