Uncertain economic outlooks and recent global disruptions to critical supplies have prompted the Government to review their investment management strategies that enhance the protection of Singapore’s national security interests. The Bill complements existing sector regulation of critical entities. Its targeted approach ensures that the impact on affected stakeholders is kept to a minimum and investor confidence for most entities remains unaffected.
Singapore Introduces New Law To Regulate Significant Investments Critical To National Security Interests. Legal News and Analysis - Singapore - Regulatory & Compliance -
SINGAPORE: Singapore has passed a Bill that will allow it to screen investments in “a handful of entities” deemed critical to national security interests.
The terms “national security” and “national security interests” are inherently vague, and national security threats are constantly evolving. As a result, it may not be feasible to include a workable definition of those terms in the Significant Investments Review Bill, noted NMP Razwana Begu