Co-operative Societies, or co-ops, are associations of persons who have voluntarily joined together to achieve a common social or economic aim by forming a jointly-owned and democratically controlled business organisation. They operate on principles of self-help and mutual assistance. Most co-ops also have social missions to benefit the greater society in which they operate in.
Co-ops are regulated by the Registry of Co-operative Societies (“the Registry”), under the Co-operatives Societies Act (Chapter 62)
and Co-operative Societies Rules 2009
Read more about the legislation and rules for Co-ops
17 October 2016
The Registry of Co-operative Societies and the Singapore National Co-operative Federation have jointly issued the Code of Governance 2016 (Code) and the Governance Evaluation Checklist 2016 (Checklist) for credit co-ops. The Code provides useful guidelines to help credit co-op officers carry out their duties in the best interests of the members. The Checklist contains selected guidelines from the Code, which allows credit co-ops to assess their compliance, better understand its state of governance and work on areas that require improvements.
30 September 2016
The Registry of Co-operative Societies has issued the Annual Report on Co-operative Societies for the financial year ended 31 March 2016. The Annual Report provides key statistics on the sector, latest developments, the Registry’s future plans, as well as the use of the Central Co-operative Fund for the promotion and development of the sector.
29 June 2016
The Registry has revised three Written Directions applicable to credit co-ops, namely Minimum Liquid Assets, Capital Adequacy and Restriction on Dividend as well as Unsecured Loans. The revision follows feedback and comments received on the Consultation Paper on the proposed changes issued by the Registry. We thank the credit co-ops and the Singapore National Co-operative Federation for their inputs and attending our engagement and sharing sessions. The three Written Directions are effective from 1 July 2016.