MAS to relax registration rules for VC managers

THE Monetary Authority of Singapore (MAS) plans to relax some rules for venture capital (VC) managers to register in Singapore.

MAS said on Wednesday it would simplify the authorisation process and regulatory regime for VC managers.

MAS will focus on "fitness and propriety assessment" of VC managers. They will also not be subject to capital requirements and business conduct rules that currently apply to fund managers.

MAS is seeking public feedback on the proposed changes. The consultation closes on March 15.