Official Notices
17 notices published
MAS Clarifies CG Code & SGX Rules on Remuneration Committees
MAS affirms alignment between Code of Corporate Governance and SGX Listing Rules on remuneration committees and disclosures in response to parliamentary queries. No new mandates introduced, but emphasis on robust compliance for listed companies. Businesses should review governance structures to mitigate risks and leverage transparency for investor trust.
MAS on Accuracy of Listed Companies' GHG Emissions Disclosures
MAS responds to Parliament on ensuring accurate greenhouse gas emissions reporting by listed firms, emphasizing board accountability and regulatory oversight. This underscores Singapore's push for credible sustainability disclosures amid global scrutiny. Businesses should prioritize robust verification processes to mitigate risks and seize ESG leadership opportunities.
SIC Public Statement on PSC Corp: Official Channels & Takeover Compliance
The Securities Industry Council (SIC) issues a public statement on PSC Corporation Ltd, reinforcing the use of .gov.sg domains for official communications. Businesses must prioritize verified sources to avoid scams amid takeover activities. This report provides strategic insights for compliance and risk mitigation.
ACRA Scam Alert: Beware Fake Company Dissolution Emails Targeting Businesses
ACRA has issued an urgent alert on phishing emails impersonating official notices about company dissolution under Section 344A. Businesses must ignore these scams, verify communications, and adopt robust cybersecurity practices to avoid data breaches. This report provides strategic guidance to mitigate risks and enhance compliance vigilance.
MAS Pushes Stronger Governance & Value Creation for SGX-Listed Firms
MAS Managing Director Chia Der Jiun's speech calls for robust corporate foundations and long-term value creation among Singapore's listed companies. Key emphases include effective boards, sustainability integration, and shareholder engagement. Listed firms must adapt to enhance competitiveness and regulatory alignment.
ACRA Audit Exemption Review: Higher Thresholds to Ease Small Co Costs
ACRA is reviewing Singapore's audit exemption framework, proposing higher revenue and asset thresholds to reduce compliance burdens for small companies. Consultations launch in March 2026, including subsidiary exemptions independent of group status. Businesses should monitor and participate to influence outcomes benefiting cost savings.
ACRA BizFinx Preptool & MUT Update: Mandatory Switch by Apr 2026
ACRA has launched updated BizFinx Preparation Tool (Preptool) and Multi-Upload Tool (MUT) effective 25 Feb 2026, with mandatory transition by 15 Apr 2026. Key enhancements include FRS 117 updates for insurers, reduced disclosure options, a new AdditionalInformation tab, and relaxed validation rules. Businesses must update tools to ensure seamless XBRL financial statement filings.
ACRA Overview: Singapore's Regulator for Business and Accountancy
ACRA is Singapore's key regulator for business registration, financial reporting, public accountants, and corporate service providers. Established in 2004 and merged in 2023, it administers major business laws and fosters a trusted environment for innovation and growth. Its responsibilities include setting accounting standards and developing the accountancy sector.
ACRA Promotes Accountancy as Rewarding Career with Growth Opportunities
ACRA highlights accountancy as a dynamic, rewarding career essential for business integrity and public interest. It emphasizes progression in emerging fields like sustainability reporting and IT audit. Students and professionals are encouraged to pursue qualifications such as the Singapore Chartered Accountant Qualification (SCAQ).
ACRA Financial Reporting Practice Guidance for FY2025 Statements
ACRA's resource page details directors' duties, the Financial Reporting Surveillance Programme, and relief applications for financial statements. It provides downloadable Practice Guidance No. 1 of 2025 focusing on review areas for FY2025, plus prior years' documents from 2024 to 2012. Businesses should consult these to ensure compliant financial reporting.