Regulatory Alerts2021-01-01
Financial Services (Family Office) (Amendment) Rules 2021
The Financial Services Commission issued the 2021 Amendment Rules to modify the operational framework for family offices under the Financial Services Act. The revised Rule 4 restricts clients exclusively to family members and their private wealth structures, while explicitly permitting wholly-owned and family-controlled multi-family or single-family office models. These amendments take effect on 6 March 2021, establishing clear compliance benchmarks for licensed family offices.
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