Regulatory Alerts2023-03-14
Added
CMI 02/2023 Observations from Inspections of Licensed Venture Capital Fund Managers
The Monetary Authority of Singapore issued CMI 02/2023 to communicate findings from inspections of 156 licensed Venture Capital Fund Managers conducted between March and November 2022. The circular mandates that all fund management companies implement robust internal controls, conduct rigorous investor due diligence, and ensure proper disclosure regarding regulatory exemptions. It specifically requires VCFMs to maintain positive base capital, formalize policies for conflict management, and strictly adhere to fund eligibility criteria to mitigate operational and compliance risks.
Topics
Share