In a joint media release, MAS and ACRA say this will encourage more funds to be domiciled in Singapore and enhance the country's value as an international fund management centre.
SINGAPORE (Jan 15): The Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) on Wednesday launched the Variable Capital Companies (VCC) framework.
The VCC is a new corporate structure that can be used for a wide range of investment funds and provides fund managers greater operational flexibility and cost savings.
