Singapore legislation
Regulation 67
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 67
Summary of statement of affairs
Subregulation 1
The Official Receiver must also, as soon as practicable, send a summary of the statement as to the affairs of the VCC or sub‑fund that is submitted to the Official Receiver under section 141(1) of the IRDA (called in this Division the statement of affairs) to —
every creditor mentioned in the statement of affairs; and
every person appearing from the books of the VCC or sub‑fund or otherwise to be a contributory of the VCC or sub‑fund.
Subregulation 2
The summary of the statement of affairs of the VCC or sub‑fund must include —
the causes of the failure of the VCC or sub‑fund; and
any observation that the Official Receiver may think fit to make.
Subregulation 3
Where a VCC or sub‑fund has commenced voluntary winding up before a winding up order is made against the VCC or sub‑fund, the Official Receiver may, if he or she sees fit to do so, send to each person mentioned in paragraph (1) —
an account of the voluntary winding up that shows how the winding up has been conducted and how the property of the VCC or sub‑fund has been disposed of; and
any observation which the Official Receiver may think fit to make on the account or on the voluntary winding up.