Introduction of the Significant Investments Review Bill in Singapore to Protect the National Security Interests of Singapore

08 Nov 2023

The Significant Investments Review Bill (the “Bill”) was introduced in Parliament on 6 November 2023 and if passed, is expected to be implemented in 2024. The Bill sets out a new investment regime which will regulate significant investments – by both local and foreign investors – into entities critical to Singapore’s national security interests that are designated under this regime (the “Designated Entities”).
 
This article provides a summary of the key features of the Bill, including (i) the ownership and control requirements that Designated Entities will be subject to; and (ii) the government’s targeted powers over entities which act against national security interests, including those that are not Designated Entities.
 
Please click here to read the update.