Regulatory tracker · MAS ·
MAS consults on VCC subsidiary legislation (Framework Part 2)
By VCCGuide Editorial
Reviewed by the fund management team at JCube Capital Partners (JCP), a Monetary Authority of Singapore capital markets services licence holder (Licence No. CMS100895).
What changed?
On 30 April 2019, MAS opened a one-month consultation on the proposed subsidiary legislation for the VCC framework. The paper covered the operational rules to be made under the VCC Act, including anti-money laundering and countering the financing of terrorism obligations and licensing-related matters, ahead of the framework's launch.
Why it matters for fund managers
This consultation shaped the regulations and MAS notices that govern day-to-day VCC operations — the machinery a manager actually deals with after incorporation. MAS published its response on 15 January 2020, the day the framework launched.