MAS launches new variable capital companies grant scheme to defray costs for fund managers

SINGAPORE - The Monetary Authority of Singapore on Wednesday launched a new variable capital companies grant scheme to help fund managers defray costs when incorporating or registering a VCC.

Available for up to three years, the new grant scheme will be funded by the Financial Sector Development Fund established by MAS in 1999. The framework aims to give fund managers more flexibility and cost savings while encouraging more funds to be domiciled in Singapore.

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The Straits Times /  🏆 8. in PT

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