Appointment of Key Personnel in a Designated Entity

A designated entity must obtain approval from the Minister prior to appointing key personnel. Key personnel refer to:

A chief executive officer, director, or chairperson of the board of directors of a designated entity that is a corporation;
A manager, or a partner of a designated entity that is a limited liability partnership; and
A partner of a designated entity that is a partnership.

In consideration for the appointment of key personnel, the Minister may consider the following:

An assessment of the key personnel on criteria relating but not limited to honesty, integrity, reputation and financial soundness; and
Potential impact on national security interests.

Please refer to the Guidelines on Criteria for Key Personnel for more information.

Parties may seek clarification from OSIR at contact@osir.gov.sg before the commencement of any formal application.

Parties are to submit the relevant notification forms and approval forms
via email to submissions@osir.gov.sg.

Removal of Key Personnel in a Designated Entity

If a key personnel of a designated entity was appointed without the necessary approval, or if any condition of approval has been breached, the appointed key personnel can be removed. The Minister may also remove any key personnel if deemed necessary in the interest of national security.