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Office of Significant Investments Review

Office of Significant Investments Review

Ministry of Trade and Industry, Singapore

About OSIR

About the Significant Investments Review Act

Came into force in 2024, the Significant Investments Review Act (SIRA) protects Singapore's national security interests by regulating significant investments in, and control of, critical entities.

Overview of the Significant Investments Review Act

Learn about the Significant Investments Review Act and its relevant legislation.

Overview of Ownership and Control Obligations under SIRA

Key ownership and control obligations for investors and acquirors into designated entities, and designated entities under SIRA.

Acquiring Equity Interest or Voting Power in a Designated Entity

Notification or approval obligations for the acquisition of equity interest or voting power in a designated entity.

Disposal of Equity Interest or Voting Power in a Designated Entity

Approval obligations for the disposal of equity interest or voting power in a designated entity.

Acquisition of the Business or Undertaking of a Designated Entity

Approval obligations for the acquisition, as a going concern, of any part of the busines or undertaking of a designated entity.

Appointment of Key Personnel in a Designated Entity

Approval obligations for the appointment of key personnel in a designated entity.

Powers where any Entity has acted against National Security Interests

Powers to issue directions to entities that have acted against Singapore's national security interests.

Reconsideration and Appeal

Reconsideration and appeal processes under SIRA.

Designation

Under Section 17 of the Significant Investments Review Act

Designated Entities

Entities designated by the Minister under the Significant Investments Review Act.

Designation Process

Considerations and processes relating to the designation and cancellation of designation of entities.

Forms

For prospective buyers, sellers, and designated entities

Notification Forms

Notification obligations under the Significant Investments Review Act.

Approval Forms

Approval obligations under the Significant Investments Review Act.

Validation Forms

Seeking validation notice for a void transaction under the Significant Investments Review Act.

Reconsideration and Appeal Forms

Seeking reconsideration or appeal of Minister's decision(s) made under the Significant Investments Review Act.

Resources

More information relating to the Significant Investments Review Act

Guidance Documents

Guidelines on Criteria for Key Personnel and Guidelines on Fit and Proper Criteria.

Frequently Asked Questions (FAQs)

FAQs on the policy provisions and the administration of SIRA.

Further Reading on SIRA

Public releases, parliamentary speeches and replies.

Other Legislation

Non-exhaustive list of sectoral legislation which contain ownership and control provisions.