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Regulations for VCCs

Are the different sub funds affected when one of them is in liquidation?

  • The VCC Act expressly provides for the segregation of the assets and liabilities of sub-funds within an umbrella VCC. The VCC Act further provides that (i) any provision inconsistent with such segregation of assets and liabilities of sub-funds is void to the extent of its inconsistency, and (ii) in documents referring to sub-funds and dealings on behalf of sub-funds, a VCC must disclose the sub-fund’s name, registration number and the fact that the sub-fund has segregated assets and liabilities.

    Written by EisnerAmper Singapore