On 15 February 2017, the Monetary Authority of Singapore ("MAS") published the Consultation Paper on the Proposed Regulatory Regime for Managers of Venture Capital Funds (the "Consultation Paper"). The Consultation Paper proposed simplified rules for managers of venture capital funds ("VC managers"). As the current regulatory regime for fund managers does not make a distinction between managers of venture capital ("VC") funds and managers handling other asset classes, VC managers are subject to the same regulatory framework and compliance regime as other fund managers. The proposed changes aim to expedite application process and ease compliance burden on the VC managers.
If you have any queries or would like to know more about how these changes may impact you, please contact:
LOW Kah Keong
Head – Asset Management & Funds Practice
d +65 6416 8209
e kahkeong.low@wongpartnership.com
Click here to see Kah Keong’s CV.
Felicia Marie NG
Partner – Asset Management & Funds Practice
d +65 6416 8203
e felicia.ng@wongpartnership.com
Click here to see Felicia’s CV.