September 26, 2022

World Trades

Finance Blog

Register of Registrable Controllers: what is it and why does it matter?

3 min read

The Register of Registrable Controllers (RORC) is a new initiative by the Personal Data Protection Commission (PDPC) to enhance the transparency of organisations’ data handling practices in Singapore.

Through the RORC, organisations are required to disclose information such as their name, contact details, and a description of their data handling activities. This will allow members of the public to better understand how their personal data is being used, and make more informed choices when dealing with these organisations.

The RORC is an important step toward building a stronger culture of data protection in Singapore. It will help to build trust between organisations and the public and encourage organisations to be more accountable for their use of personal data.

What information must be included in the Register of Registrable Controllers?

The Register of Registrable Controllers is a list of all the entities that are considered to be in control of a company or organization. This includes, but is not limited to, shareholders, directors, and officers. The purpose of this list is to provide transparency and accountability within a company or organization.

In order to be included in the Register of Registrable Controllers, an entity must meet certain criteria. First, they must have contributed capital to the company or organization. Second, they must have the power to appoint or remove members of the board of directors. Lastly, they must have the power to exercise significant influence or control over the company or organization.

If an entity meets all three of these criteria, then it will be required to disclose its name, address, date of birth, and nationality on the Register of Registrable Controllers.

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How often must the registration of Registrable Controllers be updated?

The Register of Registrable Controllers is a public record of companies and other entities that have significant control over businesses in Singapore. The Register is maintained by the Accounting and Corporate Regulatory Authority (ACRA).

Under the Companies Act, all companies must keep a register of their shareholders and make it available for inspection by any member of the company. The Companies Act does not require companies to disclose the names of their controllers, but ACRA may require a company to disclose the names of its controllers if it appears that the company is being used for improper purposes.

ACRA may also require a company to disclose the names of its controllers if the controller is not a shareholder or director of the company, and ACRA has good reason to believe that disclosure would be in the public interest.

How Register of Registrable Controllers works

The Register of Registrable Controllers (RORC) is a list of entities that are required to register with the Personal Data Protection Commission (PDPC). This includes companies, sole proprietorships, partnerships, and other organizations.

Registration is important because it helps the PDPC to keep track of who is collecting, using, and disclosing personal data. This information is important for individuals who want to know how their personal data is being used.

The Register of Registrable Controllers is important because it provides a way for organizations to keep track of their data controllers. This is important because data controllers have a lot of responsibility when it comes to handling personal data. By keeping track of them, organizations can ensure that they are meeting their obligations.