Transport Sector (Critical Firms) Act

CAAS, LTA and MPA may designate key transport firms in each sector as Designated Entities which could be either:

1. "Designated operating entities" if they directly provide an essential transport service in Singapore and are strategically important within the sector (e.g. if the services they provide are not readily replaceable due to significant market share or specialised expertise); or
2. "Designated equity interest holders" if they hold an equity interest in a designated operating entity, and have a strong nexus of control over these designated operating entities.

Designated entities are subject to the following targeted controls under the respective sectoral legislation:

1. "Ownership Controls" to ensure oversight of significant changes in effective control of the Designated Entities;
2. "Controls over management appointments" to ensure oversight of the key persons responsible for the management of the Designated Entities and operations affecting the continued provision of the essential transport service; and
3. "Operations and resourcing controls" to ensure that designated operating entities are equipped and able to provide essential transport services in Singapore under all circumstances, including during crises.

These controls have been carefully calibrated to safeguard the provision of essential transport services in Singapore, while ensuring that our transport industry remains open, pro-business and investor-friendly.

1. Who are the Designated Entities under the respective sectoral legislation?
   
   Please refer to the respective designation notices published in the Government Gazette.
   
   
2. How can Designated Entities ensure compliance with the controls under the Transport Sector (Critical Firms) Act?
   
   Designated Entities should carry out due diligence to ensure compliance with the controls under the relevant sectoral legislation. CAAS, LTA and MPA will also provide their respective Designated Entities with sector-specific guidance on compliance with certain requirements.
   
   
3. Who can I contact for more information on the Designated Entities and controls in each sector?
   
   You may contact the relevant Authorities:
   · CAAS: qsm@caas.gov.sg
   · LTA: feedback@lta.gov.sg
   · MPA: qsm@mpa.gov.sg

• Legislation
  • Transport Sector (Critical Firms) Act 2024
  • BSI Act
  • CAAS Act
  • MPA Act
  • RTS Act
• Government Gazette
• Parliamentary Opening Speech by the Minister for Transport at the Second Reading of the Transport Sector (Critical Firms) Bill in May 2024
• Parliamentary Response Speech by Minister for Transport at the Second Reading of the Transport Sector (Critical Firms) Bill in May 2024