VCC regime could still change to swing in the favour of single family offices
Industry watchers think the benefits from relaxing the requirements binding VCCs will outweigh the risks
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A REVIEW of the potential changes to the variable capital company or VCC framework is still underway, even as the spectre of the Archegos blowup continues to hang over the financial industry and raise questions on regulatory oversight.
The changes would have implications for single family offices (SFOs), which numbered about 400 in Singapore as at last year. The figure is set to rise amid Singapore's attractiveness as a wealth and fund management hub.
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