Data Alignment Exercise by ACRA to Streamline Information
Streamlining Information and Records for Greater Efficiency
Streamlining information across relevant government records in Singapore is going to be easier with the data alignment exercise initiative.
Under the National Registration Act, position holders who have their information filed with the Accounting and Corporate Regulatory Authority (ACRA) must have this data aligned with the data filed with the related government agencies. This new data alignment requirement commences from 2 December 2019.
Since ACRA has more than 1 million records currently in its database, the data alignment exercise is expected to only be finalised sometime in June 2020. With this new initiative, ACRA’s position holders won’t have to manually update any changes in their personal particulars in ACRA’s system. The relevant changes will automatically be reflected per the National Registration Act. The information will be synced automatically updated in ACRA’s database.
What is Required by Position Holders?
If you’re a position holder with ACRA and you’re a local in Singapore, you don’t need to do anything on your part. Your residential address and name that is lodged in ACRA’s records will be updated automatically to reflect the name and address stated in your NRIC/FIN. The automatic update will take place if the name and address registered with ACRA differs from the one registered with government agencies relevant to the National Registration Act.
As for foreign citizens, the data alignment exercise will require that you continue updating changes to your name or address. You may file the changes through BizFile.
For all position holders, it is important to update the related government agencies any changes to your name or residential address within 14-days.