PDPA amendments take effect from February 2021
Most significant changes to the PDPA since its inception come into effect in phases as of February 1, necessitating mandatory data breach notifications among other requirements The Personal Data Protection (Amendment) Act 2020 (the PDPA Amendments) will come into effect in phases from February 1, 2021. The amendments seek to strengthen organisational accountability and consumer […]
Singapore to simplify their penalty framework for late annual fillings effective 30 April 2021
The Accounting and Corporate Regulatory Authority (ACRA) is due to implement a revised penalty framework for late annual lodgements with a simplified 2-tier penalty, to take effect from 30 April 2021. Currently, Singapore incorporated companies and Variable Capital Companies (VCC) that file late annual returns and declarations must pay a late lodgement fee of a flat rate of […]
Why it is important to be familiar with the recent amendments to the PDPA
The new Personal Data Protection (Amendment) Bill 2020 (Bill) was passed on November 2, 2020. With this Bill, Singapore is seeking to strengthen the accountability of organisations by introducing mandatory notification requirements for data breaches, as well as stiffer penalties for organisations and personal liability for certain offences relating to the mishandling of personal data. […]
How VCCs will help Singapore become the ‘Luxembourg of Asia’
Alpadis Group CEO Alain Esseiva’s latest article in Singapore’s Business Times newspaper, outlining the role the latest Variable Capital Company (VCC) framework will play in growing Singapore’s asset management industry Read the full article here.
Interview in Robb Report: The Finish Line
Alpadis Group CEO Alain Esseiva was recently interviewed by Robb Report, where he discusses the role ultramarathons play in developing his leadership skills and keeping him grounded
Singapore companies to file with new Central Register of Controllers
New requirements form part of efforts to maintain transparency and Singapore’s reputation as a financial hub All companies in Singapore are required to file information on a new Central Register of Controllers, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) announced last week. Unless exempted, local, foreign companies and limited liability partnerships (LLPs) will need to […]
Registers of company controllers and nominators set up by Singapore regulator
Plans for a central non-public register of controllers announced by Singapore’s Accounting and Corporate Regulatory Authority (ACRA) A non-public register of controllers will be set up, according to ACRA, in addition to legislation aimed at requiring the disclosure of the particulars of nominators of nominee shareholders. The new requirements will be put in place in […]
Alpadis Group bolsters Swiss team and opens branch in Neuchâtel
Alpadis Group hires Michel Frutiger and Jacques Oguey as Senior Trust Officers Alpadis Group today announces the opening of its branch in Neuchâtel, Switzerland, and the hiring of Michel Frutiger and Jacques Oguey who will provide trust and company administration as well as Family Office services from Alpadis Group’s new office. “Both Michel and Jacques […]
What to watch out for in the Singapore Budget 2020
The Singapore Budget 2020 is due to be announced today. Aside from some measures to help companies affected by the ongoing coronavirus situation, there will be a number of initiatives that could affect local companies. Below are five areas that we could see addressed in this year’s Singapore Budget: Digitisation Like last year, the government […]
Singapore introduces grant scheme to drive Variable Capital Company (VCC) adoption
On January 15, 2020, the Variable Capital Companies Act 2018 (“VCC Act”) and its subsidiary legislation came into force to introduce a new legal framework for variable capital companies (VCCs). VCCs allow funds to be set up as a standalone, or as an umbrella entity with one or more sub-funds with different investment objectives, assets, […]