CSP registration for public accounting entities (PAEs)
PAEs need to be registered as corporate service providers (CSPs) if they carry out certain Financial Action Task Force (FATF) designated activities.
On this page
What you need to do
Whether you need to register as a CSP depends on your PAE's services.
CSP registration
If your PAE provides | Then |
|---|---|
| Your PAE needs to register as a CSP. |
| Your PAE will be registered as a deemed CSP. |
If you are a deemed CSP
You do not need to register as a CSP. However, you need to comply with these requirements.
Deemed CSP requirements
Requirements | Details |
|---|---|
Register your qualified individuals | Submit details of every registered qualified individual (RQI) who carries out or supervises designated activities related to accounting services. When to submit: Before your PAE starts providing the designated FATF services. If you do not appoint an RQI: Every key appointment holder who is a public accountant (PA) becomes an RQI automatically. These are deemed RQIs of the deemed registered CSP. |
Report any changes in RQI particulars | RQIs must notify ACRA within 14 days of the change through the General lodgement eService:
|
Report any appointment or cessation of RQIs | PAEs must notify ACRA of the change within 14 days through the General lodgement eService:
|
When deemed registration ends
Your deemed CSP registration continues until ACRA cancels or suspends it.
ACRA may cancel your registration if:
Your PAE stops being an accounting entity under the Accountants Act 2004
Any key appointment holder is not fit and proper
Your PAE stops providing designated activities related to accounting services in Singapore
You can request to cancel your deemed registration through the General lodgement eService:
Select Public accountant and accounting entity; and
Other public accountant and accounting entity related lodgement.
