Fund governance and structure
The note describes shareholders, a governing board and an MAS-regulated fund manager. A custodian is required for funds offered to specified investor categories. A VCC may house one fund or use an umbrella with multiple sub-funds. The policy aim was to bring fund domicile and Singapore-based management closer together, addressing limitations of existing company, partnership and trust structures.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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