The Singapore Variable Capital Company ("VCC")

The VCC is a new Singapore fund structure that will go live by the end of 2019. The VCC Act was passed in October 2018 and the draft regulations were released on 30 April 2019 for public consultation.

Key Features & Benefits of a VCC

The VCC is an entirely new legal structure that provides an attractive alternative to existing fund or collective investment scheme ("CIS") structures (ie corporation, limited partnership and unit trust).

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A VCC:

1. is governed by the VCC Act;
2. is regulated by the Accounting and Corporate Regulatory Authority (for establishment and administrative purposes) and the Monetary Authority of Singapore ("MAS") (for Anti-Money Laundering/Countering the Financing of Terrorism ("AML/CFT") purposes);