Transactions & Deals in Singapore

Full guide · Source-checked research97% of statements checked against a source103 checked against an official source14 checked against a secondary sourceChecked 2026-10-19Not yet professionally reviewed

• Singapore's competition authority is the Competition and Consumer Commission of Singapore (CCS), which keeps a public case register of mergers and acquisitions it has reviewed.

  The authority was previously known by the abbreviation CCCS; the former cccs.gov.sg address now redirects to ccs.gov.sg.Competition and Consumer Commission of Singapore (CCS) · checked 2026-10-18

• Singapore has a voluntary merger notification regime: merger parties are not required to notify CCS before or after completing a merger, but should self-assess, and a merger that substantially lessens competition infringes section 54 of the Competition Act 2004.

  Parties concerned that a merger may infringe section 54 are advised to notify CCS. Sector regulators may run separate approval regimes, which were not confirmed here.Competition and Consumer Commission of Singapore (CCS) · checked 2026-10-19

• CCS considers a substantial lessening of competition unlikely, and is unlikely to investigate, unless the merged entity will have a market share of 40% or more, or a share of between 20% and 40% where the post-merger combined share of the three largest firms is 70% or more.

  The thresholds are indicative only; they are not a safe harbour and do not create a filing obligation.Competition and Consumer Commission of Singapore (CCS) · checked 2026-10-19

• CCS is unlikely to investigate a merger that involves only small companies, where each party's turnover in Singapore in the financial year before the transaction is below S$5 million and the combined worldwide turnover of all parties in that year is below S$50 million.

  Both conditions must be met. Turnover in Singapore includes turnover booked in Singapore and turnover from customers in Singapore.Competition and Consumer Commission of Singapore (CCS) · checked 2026-10-19

• The Significant Investments Review Act 2024, in operation from 28 March 2024, protects Singapore's national security interests by regulating significant investments in, and control of, critical entities that the Minister designates.

  Applies only to designated entities, which are published; it is not a general foreign-investment screening regime. It is administered by the Office of Significant Investments Review (OSIR).Attorney-General's Chambers, Singapore Statutes Online · checked 2026-10-19

• Under the Singapore Code on Take-overs and Mergers, administered by the Securities Industry Council, a person who acquires 30% or more of the voting rights of a company within the Code, or who holds between 30% and 50% and acquires more than 1% in any six months, must generally make a mandatory general offer.

  Applies mainly to Singapore-listed companies and certain unlisted public companies, business trusts and REITs; the Council can grant waivers.Monetary Authority of Singapore (MAS) · checked 2026-10-19

• The Insolvency, Restructuring and Dissolution Act 2018 consolidates the law on compromises and arrangements with creditors of companies and individuals, receivership, corporate insolvency and winding up, individual insolvency and bankruptcy, and the regulation of insolvency practitioners.

  Current text is the 2020 Revised Edition, in operation from 31 December 2021.Attorney-General's Chambers, Singapore Statutes Online · checked 2026-10-19

• CCS completes a Phase 1 review of a notified merger within 30 working days, or 25 working days for a streamlined assessment of mergers that clearly raise no concerns, and endeavours to complete a Phase 2 review within 100 working days.

  The Phase 1 period can be extended by up to 20 working days, making Phase 1 up to 50 working days. CCS expects the streamlined assessment to apply to most mergers. Phase 2 follows where CCS still has concerns after Phase 1.Competition and Consumer Commission of Singapore (CCS) · checked 2026-10-19

Read the full guide: M&A, competition, investment screening and insolvency