The Accounting and Corporate Regulatory Authority (“ACRA“) (Registry and Regulatory Enhancements) Bill was introduced in Parliament for its first reading on 7 May 2024. The Bill seeks to amend the ACRA Act 2004 and other ACRA-administered legislation to protect the personal data collected by ACRA and streamline the corporate regulatory regime. The Bill also serves to facilitate digital communications with ACRA.
A public consultation on the draft Bill had earlier been conducted, for which a consultation response has now been issued. This Update highlights the key amendments introduced in the Bill and the clarifications provided in the consultation response.
For more information, click here to read the full Legal Update.
