Singapore legislation

Section 89

of Variable Capital Companies Act 2018

Section 89

Assistance to domestic authorities

Division 3 of Part 5C of the MAS Act applies in relation to a request to MAS from a domestic authority for assistance in relation to a VCC as it applies in relation to a request to MAS from a domestic authority for assistance in that Division, subject to the necessary modifications and the following further modifications:

(a)

the reference in section 156(a) of the MAS Act to 26 June 2015 is to 14 January 2020;

(b)

a reference in section 157 of the MAS Act to any prescribed written law or any requirement imposed under any such written law is to any prescribed written law as defined in section 152(1) of that Act or this Act, or any requirement imposed under such prescribed written law or this Act;

(c)

the reference in section 157(2) of the MAS Act to a financial institution is to the VCC;

(d)

the reference in section 157(2) of the MAS Act to a chief executive, a director, an executive officer, an employee, an agent or an office holder of a financial institution, is to a director, an executive officer, the manager, an employee, an agent or an office holder of the VCC, the custodian of the VCC (being a non‑umbrella VCC) or the custodian of the sub‑fund of a VCC.