Singapore VCC – Compliance Checklist
In 2021, Singapore introduced an alternative fund framework, the Variable Capital Company (VCC), to encourage more funds to be domiciled in Singapore and enhance the jurisdiction’s value as an international fund management centre.
The VCC allows the set-up of collective investment schemes, whether open-end or closed-end and provides an alternative to Singapore’s existing structures such as unit trusts, limited partnerships, limited liability partnerships and companies.
Since its launch, the VCC has gained significant traction and, in order to reflect this growth, the Monetary Authority of Singapore (MAS) has increased its regulatory scrutiny to ensure robust governance and compliance in this sector.
Our team of compliance specialists has created a best practice checklist to enable you to better understand the regulatory expectations associated with the VCC. Whether you are launching a new VCC or managing a mature structure, these tools can help strengthen your governance model.
Download the VCC checklist
Our downloadable checklist highlights the following areas:
- board structure
- custody arrangements
- EFI appointment
- AML/CFT compliance and oversight
- best practice guidance and proactive measures to take now.
To find out more about how to ensure your VCC is fulfilling its MAS regulatory requirements, please reach out to your usual Waystone representative, or contact our APAC Compliance Solutions team below.