Introduction of new law in Singapore to manage significant investments into entities critical to national security
In line with the global trend towards stricter regulations on foreign investments in sectors critical to national security, Singapore has introduced the Significant Investments Review Bill (the "Bill") which sets out a new investment management regime aimed at regulating significant investments by local and foreign investors into entities that are critical to Singapore's national security.
The Bill was first introduced into Parliament on 6 November 2023, and has since been passed into law on 9 January 2024. Legislation is likely to come into effect in the next few months.
Our team summarises the key features of the Bill and the key regulations applicable to Designated Entities in this article.
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