The transitional period of one year is given for insurers to implement the requirements, including time required to re-negotiate existing contracts.
This article seeks to highlight certain legal pointers as a broad guide and framework for start-ups and founders to be aware of when approaching fundraising exercises.
For access to this stash, fund managers must either commit to deepening their presence or to setting up a major one in Singapore.
Published: 12 Nov 2018
This announcement details the manner in which the Resident Fund Scheme of s13R and the Enhanced-Tier Fund Scheme of s13X of the Income Tax Act are to be extended to VCCs.
The VIMA comprises a pragmatic set of standard-form model documents that have been calibrated to balance the interests of both the investor and the company.
This Note by the Second Minister for Finance, Indranee Rajah S.C., summarises how the VCC framework will benefit the Singapore asset management industry, as well as local service providers.
FMCs may now carry on business in fund management with its employees who are not accredited investors subject to safeguards.
The VCC is an entirely new legal structure that provides an attractive alternative to existing fund or collective investment scheme structures.
FMCs have a transition period of six months to enhance their systems and set up processes for ongoing LRM and stress testing.