Regulation 1
Citation and commencement
These Regulations are the Variable Capital Companies (Further Modifications to Incorporated IRDA Provisions) Regulations 2026 and come into operation on 1 April 2026.
/akn/sg/act/sub_leg/2018/VCCA-S167-2026
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Variable Capital Companies (Further Modifications to Incorporated IRDA Provisions) Regulations 2026 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation VCCA-S167-2026 2018, currently marked in force and first recorded in 2018.
Citation and commencement
These Regulations are the Variable Capital Companies (Further Modifications to Incorporated IRDA Provisions) Regulations 2026 and come into operation on 1 April 2026.
Modification to section 203(2) of IRDA
The application of section 203(2) of the IRDA by sections 33(2) and 130 of the Variable Capital Companies Act 2018 is subject to the further modification that the reference in section 203(2) of the IRDA to an amount prescribed by the Minister by order in the Gazette is to an amount prescribed by regulations made under section 165 of the Variable Capital Companies Act 2018.
Modifications to section 244(1) and (4) of IRDA
The application of section 244 of the IRDA by section 33(2) of the Variable Capital Companies Act 2018 is subject to the further modification that any reference in section 244(1) and (4) of the IRDA to the promotion, formation, business, dealings, affairs or property of the company is to the promotion, formation, registration, business, dealings, affairs or property of the sub‑fund that is being wound up.
The application of section 244 of the IRDA by section 130 of the Variable Capital Companies Act 2018 is subject to the further modification that any reference in section 244(1) and (4) of the IRDA to the promotion, formation, business, dealings, affairs or property of the company is to the promotion, formation, registration, business, dealings, affairs or property of the VCC that is being wound up.
Further modifications to Part 8 of IRDA
The application of Part 8 of the IRDA by section 33(2) of the Variable Capital Companies Act 2018 is subject to the following further modifications:
any reference in any provision in that Part to a meeting or general meeting of the company is to a meeting of the holders of shares issued in respect of the sub‑fund;
any reference in any provision in that Part to the company in general meeting is to the holders of shares issued in respect of the sub‑fund in meeting;
any reference in any provision in that Part to a meeting of the company and the creditors is to a meeting of the holders of shares issued in respect of the sub‑fund and the creditors of the sub‑fund.