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The Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Companies (VCC) framework today. 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. It will encourage more funds to be domiciled in Singapore and enhance our value as an international fund management centre.
Download the press release (PDF, 143KB) for more information.
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