The Corporate Service Providers (CSP) Bill and the Companies and Limited Liability Partnerships (Miscellaneous Amendments) (CLLPMA) Bill, passed in July 2024, introduce major changes aimed at enhancing the regulation of corporate service providers (CSPs) in Singapore.
The requirements under these bills have come into effect on 9 June 2025.While CSPs are the primary focus of these Bills, the implications will be felt by all businesses that rely on CSPs for compliance, administration, and governance support.