Updating status requires the extended permission status update

Posted by / 14-Oct-2020 05:47

Updating status requires the extended permission status update

Please refer to the Financial Services Contracts Regime webpage for further information.’ 12 April 2019: The deadline for a firm to notify the PRA that it wishes to enter the TPR has passed.

The period for notifications set out in the PRA’s Direction (ie the PRA Direction: ‘Temporary permission and variation: notification before exit day’ 7 November 2018 as amended by the PRA Direction – ‘Temporary permission and variation: notification before exit day (amendment) 28 March 2019) ended on 11 April 2019.

If you made an error, such as wrong spelling of name, you need to correct the error, or the worker will be denied entry into Singapore.

Check the notification letter for whether the worker needs to register at MOM Services Centre – Hall C.

The validity of notifications made before the deadline is not affected.This legislation establishes the Supervised Run-Off (SRO) and Contractual Run-off (CRO) mechanisms.These will serve as a back-stop to the temporary permissions regime (TPR) by allowing firms that do not enter the TPR, or leave it without the necessary permissions, to service their pre-existing contracts for a limited period after exit.You also need to take certain steps before the pass is issued.Make sure the worker’s IPA particulars match their passport details.

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A passporting firm that already has a top-up permission would obtain a deemed variation of that permission.