Sep/Oct 2025 Issue of ACRAConnect

SEP / OCT 2025

Have you filed your Register of Registrable Controllers (RORC) information with ACRA?

With effect from 16 June 2025, new companies, foreign companies, and limited liability partnerships (LLPs) are required to set up, maintain and file their RORC information with ACRA from the date
of incorporation or registration, unless they are exempted.

File RORC information with ACRA using the “Update Register of Registrable Controller” eService on Bizfile.

File your RORC

ACRA’s Annual Report FY2024/25: Building Resilience, Trust and Excellence

Financial Year 2024/2025 was a year of progress and growth for ACRA. We advanced key initiatives to improve the ease of doing business, strengthen corporate transparency, audit and financial reporting, and develop the accountancy and business valuation sectors.

Continuing our journey to transform from being an information provider to a business enabler, we enhanced our digital services with the launch of the new Bizfile portal, and put in place key regulatory reforms to strengthen our corporate governance framework.

We also established the Implementation Committee for Accountancy Workforce Development to drive key strategies that enhance the attractiveness of accountancy as a career and cultivate a skilled pool of professionals to meet industry needs.

ACRA remains committed and focused on making Singapore the best place to do business by helping our stakeholders register businesses efficiently, file returns seamlessly and transact with us effortlessly.

Find out more about ACRA's initiatives.

Advancing Business Valuation Excellence at the IVAS-IVCS Business Valuation Conference 2025

At the 9th Institute of Valuers and Appraisers Singapore (IVAS) - International Valuation Standards Council (IVSC) Business Valuation Conference 2025 on 27 August, ‘From Insight to Impact: Bridging Valuation and Corporate Strategy’, IVAS announced plans to expand the Chartered Valuer and Appraiser (CVA) programme in the region.

Two Memoranda of Understanding (MOU) were signed with the Singapore Management University and London School of Business and Finance to expand the CVA programme to five markets (Singapore, Indonesia, Thailand, Malaysia, and India) from next year. These partnerships will broaden access to high-quality training and deepen in-market support for the CVA programme to aspiring valuation professionals across the region.

IVAS also announced its collaboration with the American Society of Appraisers (ASA), Chartered Business Valuators (CBV) Institute, and Royal Institution of Chartered Surveyors (RICS), to develop comprehensive Intangible Assets Valuation Guidelines which will be launched by the end of the year. These new guidelines will assist business valuation professionals when they undertake valuation exercises involving intangible assets, enhancing the reliability of their valuation reports to support the recognition and commercialisation of intangible assets.

At the conference, 10 senior financial services executives from DBS, OCBC and UOB were also conferred the IVAS honorary designation, in recognition of their business valuation expertise and industry leadership in the sector.

Find out more about Advancing Business Valuation Excellence Through Regional Expansion, Industry Guidelines and Professional Recognition.

ACRA Represents Singapore at the Corporate Registers Forum (CRF) 2025

ACRA was proud to represent Singapore at the Corporate Registers Forum (CRF) 2025, joining international regulators in two panel discussions. These exchanges strengthen our collective ability to create regulatory frameworks that build trust and transparency in business environments across borders.

At the panel session, “Reform in the Spotlight: Communicating Change with Clarity & Confidence”, Senior Advisor Ms Chin Li Fen shared with fellow corporate registers that good communication is not just about explaining what changes are, but why they matter. In navigating uncharted territories, “regulators need a compass rather than a map” so as to be nimble and adaptable.

In the session “Opening the Books: Beneficial Ownership, Transparency & Public Trust”, Mr Hans Avinder, Assistant Chief Executive, shared about global trends and their impact on Singapore’s beneficial ownership regime. He described the evolving role of the registry as a “library of trust” — balancing the needs of companies who own and author the books with the needs of those who rely on the transparency of the information within these books.

ACRA also won the Innovation (Commendation) Award for our trustBar verification service! The award affirms our commitment to build trusted, technology-driven solutions that enhance business transparency and user confidence.

Our thanks to the CRF community for fostering shared learning and innovation towards a more transparent, efficient and trusted global business environment. We look forward to hosting the CRF in November 2026 and welcoming our international counterparts to Singapore to further the discussions on innovation and transparency in the corporate registry space.

Extended Timelines for Most Climate Reporting Requirements to Support Companies

In August, ACRA and Singapore Exchange Regulation (SGX RegCo) announced the extension of timelines for implementing climate reporting (including external assurance) requirements, to support listed companies and large non-listed companies (Large NLCos) in developing reporting capabilities.

This extension takes into account the uncertain global economic landscape, as well as feedback to take into greater consideration the varying levels of resources and readiness in climate reporting.

With the updated requirements, companies will be better able to balance compliance costs with developing climate reporting capabilities, which are required for the longer term to maintain their place in global supply chains.

This reflects ACRA’s commitment to supporting companies through current challenges while maintaining Singapore’s momentum in climate action, paving the way for more meaningful and higher quality climate-related disclosures in the long run.

Read more the Extended Timelines for Most Climate Reporting Requirements to Support Companies.

Register for the ISCA Conference 2025!

ACRA is pleased to be an industry partner of the Institute of Singapore Chartered Accountants (ISCA) Conference 2025 which will be held on 12 November 2025. Themed ‘From Disruption to Direction: Our Roles in a Changing World’, the conference provides an opportunity for accounting professionals to stay informed on the latest technical developments in the field.

ACRA’s Director of Inspection department Ms Ng Meow Ling will be one of the panellists in a discussion under the Technical Expert Track. This track offers a platform for accounting professionals to engage with regulators, enforcement officers and technical experts on key industry developments. Highlights will include the revised SSA 570 ongoing concern risks, insights into Suspicious Transaction Reports (STRs), practical guidance on Anti-Money Laundering (AML), collaboration in valuation for financial reporting, and lessons from SSQM implementation.

Secure your seats here.

ACRA's e-Newsletter for professional stakeholders

This e-newsletter is intended for general information only and should not be treated as a substitute for specific professional advice for any particular situation. While we endeavour to ensure the contents are correct to the best of our knowledge and belief at the time of writing, we do not warrant their accuracy or completeness nor accept any responsibility for any loss or damage arising from any reliance on them.

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