Singapore legislation
Regulation 154
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 154
Application to vary or review remuneration of liquidator in approved cost schedule
Where a cost schedule complying with rule 151(2) and (3) has been previously submitted to and approved by the approving body, any application to the Court under section 139(5) or (6) or 175 of the IRDA by a creditor or member of the VCC, or a creditor of the sub‑fund or a member of the umbrella VCC concerned holding shares issued in respect of the sub‑fund, to vary the determination, or to review the approval, of the remuneration under the cost schedule must be supported by an affidavit —
exhibiting the cost schedule that was previously submitted to and approved by the approving body; and
stating —
whether there has been a material change in the circumstances in which the cost schedule was approved by the approving body; and
if there has been such a material change, the nature and extent of the change.