Singapore legislation

Regulation 32D

Exemption for, and application of Regulations to, venture capital fund manager and its representatives

Amended byS 659/2018 wef 08/10/2018S 222/2023 wef 31/12/2021S 659/2018 wef 08/10/2018S 222/2023 wef 31/12/2021S 659/2018 wef 08/10/2018S 222/2023 wef 31/12/2021S 586/2017 wef 20/10/2017

Subregulation 1

Amended byS 659/2018 wef 08/10/2018S 222/2023 wef 31/12/2021

A venture capital fund manager is exempt from sections 34 to 38, 41, 42, 43 and 45 of the Act, as applied by section 20(2) of the Act, in respect of its business of advising one or more venture capital funds concerning any investment product, other than —

(a)

advising by issuing or promulgating research analyses or research reports concerning any investment product; or

(b)

advising on corporate finance within the meaning of the Securities and Futures Act 2001.

Subregulation 2

Amended byS 659/2018 wef 08/10/2018S 222/2023 wef 31/12/2021

A person acting as a representative of a venture capital fund manager in respect of the financial advisory service mentioned in paragraph (1) is exempt from section 22(1) of the Act.

Subregulation 3

Amended byS 659/2018 wef 08/10/2018S 222/2023 wef 31/12/2021

A venture capital fund manager who is the principal of a representative providing the financial advisory service mentioned in paragraph (1) on behalf of the venture capital fund manager is exempt from section 22(5) of the Act.

Subregulation 4

Amended byS 586/2017 wef 20/10/2017

Regulation 37(1) does not apply to a venture capital fund manager.

Read in full context — Financial Advisers Regulations →