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The Monetary Authority of ������ý (MAS) and Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Company Act (VCC Act) on 15 January 2020. With the passing of the VCC Act, the VCCs get their own legislation, and the VCC complement the existing suite of structures such as, Unit Trusts, Partnerships and Corporations, that are available for investment funds in ������ý. VCC is the same as the open-ended investment company (“OEIC”) in the UK and the Irish Collective Asset-Management Vehicle (“ICAV”) in Ireland. ������ý enhanced its value proposition as international fund management and domiciliation hub with the launch as VCC provides an additional structuring option for global fund managers who choose to use ������ý as their investment base. The ACRA will administer the VCC Act. It must be noted that the anti-money laundering and countering the financing of terrorism obligations of VCCs will come under the purview of the Monetary Authority of ������ý (MAS).

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