Introduction
Transition Process for Registered Filing Agents (RFAs)
For existing Registered Filing Agents (RFAs), there is no need to apply to be a registered Corporate Service Provider (CSP). You will automatically be treated as a registered CSP. Your CSP registration will retain the same validity period as your existing RFA registration. No application is needed, and no fees are payable.
During this period, you can continue to perform filing services for your customers. However, please update ACRA on the types of corporate services you provide through the eService on ĢƵ. To do this, select 'Corporate Service Provider', followed by 'Update corporate service provider information'.
When your transited RFA registration expires, you must ensure that you meet the new requirements under the CSP Act before submitting your application for renewal as a registered CSP. The new requirements for RFAs include a revised registration period and fees of $400 for a two-year registration period. For information about application fees and renewal requirements, please refer to the section below ‘Changes in the CSP Act on duties and responsibilities of a registered CSP’.
Scenario 1
RFA Registration Validity: | 1 Sep 2024 to 31 Aug 2025 |
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CSP Registration Validity: | 9 Jun 2025 to 31 Aug 2025 |
If your existing RFA registration is subject to any terms and conditions, then your registration as a registered CSP is subject to the same terms and conditions as if those terms and conditions were imposed under section 8(3) of the CSP Act.
Transition Process for Registered Qualified Individuals (RQIs)
For existing Registered Qualified Individuals (RQIs) registered under the ACRA Act, there is no need to apply to be a RQI under the CSP Act. You will automatically be treated as registered under the CSP Act. Your RQI registration under the CSP Act will retain the same validity period as your existing RQI registration under the ACRA Act. No application is needed, and no fees are payable.
During this period, you can continue to perform filing on behalf of the registered CSP who has employed, engaged or appointed you.
Scenario 2
RQI Registration Validity under the ACRA Act: | 1 Sep 2024 to 31 Aug 2025 |
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RQI Registration Validity under the CSP Act: | 9 Jun 2025 to 31 Aug 2025 |
Maintenance of Client List and Filing Access for Employees
Client listing:
- No action is required as your existing client listing remains valid and active. You may review your client list through ‘My Clients’ on your dashboard.
- To update your client listing, please file the eService via ĢƵ.
Employee listing:
- No action is required as your existing employee access remains valid and active.
- To update your employee listing and their filing access, please use the eService on ĢƵ, and select > Corporate Service Provider > Manage filing access for corporate service provider employees.
Pending Renewal Applications for RFAs and RQIs
How your application will be processed:
- Your application will be assessed under ACRA Act requirements
- Once approved, it will automatically be converted to a CSP/RQI registration under the CSP Act.
- Your application will be processed under CSP Act requirements.
Suspended RFA or RQI Registrations
Changes in the CSP Act on duties and responsibilities of a registered CSP
Registered Filing Agent / Registered Qualified Individual (RFA/RQI) | [New Requirements] Registered Corporate Service Provider / Registered Qualified Individual (CSP/RQI) | |
Registration Period | 1 or 2 years | 2 years |
Registration Fee |
RFA - $200 for each year of registration
RQI - $100 for each year of registration
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CSP - $400 for a registration period of 2 years
RQI - $200 for a registration period of 2 years
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Qualifications | Meet fit and proper requirements. |
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Duties and Responsibilities |
Terms and conditions to apply measures to prevent money laundering, proliferation financing and terrorism financing.
A breach will carry regulatory sanctions such as censure, restriction of the use of ĢƵ, financial penalties, suspension or cancellation of registration.
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Duties and responsibilities when arranging for another person to act as nominee directors by way of business and to prevent money laundering, proliferation financing and terrorism financing.
Failing to comply is an offence and a registered CSP and its senior management shall be liable on conviction to a fine not exceeding $100,000.
ACRA may also consider regulatory sanctions for non-compliance.
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For detailed information on specific requirements, please refer to the Guidelines for Registered Corporate Service Providers (PDF, 1.1MB).