The introduction of the Variable Capital Companies (VCC) framework seeks to position Singapore as a leading fund domiciliation hub, and strengthen Singapore’s position as a full-service international fund management centre.
Located in the heart of fast-growing Asia, Singapore has positioned itself as a developed pan-Asian asset management centre with a conducive environment for asset managers and asset owners to locate and hub their investment activities.
We have a strong pool of regional and global players offering and managing traditional and alternative investment strategies using Singapore as a gateway to source for and access regional investment opportunities. Asia Pacific accounts for the significant bulk of funds sourced and re-invested into.
Singapore is also an attractive location for global public investors and asset owners, such as sovereign wealth and pension funds, to access public and private market opportunities across Asia and ASEAN. In addition, to position Singapore as a leading fund domiciliation hub, MAS and ACRA launched the new Variable Capital Companies (VCC) framework in January 2020 to provide a new corporate structure for investment funds which seeks to facilitate the co-location of fund managers’ substantive fund management and domiciliation activities in Singapore.
Ms Jacqueline Loh, MAS’ Deputy Managing Director, spoke about the key trends and opportunities in Asian financial markets – focusing on opportunities from harnessing technology and in sustainable finance.
Mr Ravi Menon, Managing Director of MAS, spoke on the opportunity to build a more resilient and sustainable world emerging from COVID-19, and provided an update on Singapore’s Green Finance Action Plan to facilitate Asia’s transition to a sustainable future.
This consultation sets out MAS' proposed subsidiary legislation for a new corporate structure that is tailored for collective investment schemes, known as the variable capital company (VCC).
This consultation sets out MAS’ proposed subsidiary legislation relating to the insolvency and winding up of a variable capital company (VCC) and its sub-funds.
In the Second Reading Speech for the Variable Capital Companies (Miscellaneous Amendments) Bill, Ms Indranee Rajah, Second Minister for Finance, elaborate on the two broad categories of the Bill - (1) Amendments to Tax Acts; and (2) Amendments to VCC Act.