Singapore consults on new VC regime

The Monetary Authority of Singapore is consulting on a new venture capital fund regime, which would simplify the authorisation process for venture fund managers.

MAS’s new regime would speed up the process for foreign and domestic funds to be authorized and operate in Singapore. It is designed to expedite the time to market and boost investment in Singapore’s start-up market.

Under the current authorization process, all fund managers must have directors and representatives with at least five years of relevant experience. They are also subject to base capital and risk-based capital rules, internal audit and disclosure of financial statement requirements.

The consultation will be open until March 15 and can be found here.