Singapore is launching a new framework designed to attract more global investment funds and investors to be based in the city. The scheme was announced this morning by the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA), and is set up to give fund managers more flexibiity for share issuance and dividend payouts. The scheme is to be launched as part of the Variable Capital Companies (VCC) framework. At the same time, MAS announced the launch of a grant scheme to promote the framework and encourage fund managers to sign up. Twenty inves...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes