The information contained in this document is marketing material and for informational purposes only. The information contained in this document is presented without any warranty or representation as to its accuracy or completeness and all implied representations or warranties of any kind are hereby disclaimed. Recipients of this document, whether clients or otherwise, should not act or refrain from acting on the basis of any information included in this document without seeking appropriate professional advice. The provision of the information contained in this document does not establish any express or implied duty or obligation between Citco and any recipient and neither Citco nor any of its shareholders, members, directors, principals or personnel shall be responsible or liable for results arising from the use or reliance of the information contained in this document including, without limitation, any loss (whether direct, indirect, in contract, tort or otherwise) arising from any decision made or action taken by any party in reliance upon the information contained in this document. © The Citco Group Limited, December 2023.
Keeping Register of Registrable Controllers up-to-date in Singapore
It is well known that since 2017, all Singaporean entities have been required to maintain a register of registrable controllers (RORC) and file it with the Accounting and Corporate Regulatory Authority (ACRA). What about regular review of RORC information – is it actually required? According to Singaporean law, there is no official obligation to update the RORC information lodged with ACRA on the annual basis unless there is a change to the existing details. Companies however must still ensure that the RORC information remains up-to-date at all times and file the updates when there is any change.