Singapore legislation
Regulation 48
of Variable Capital Companies (Voluntary Winding Up) Regulations 2026
Regulation 48
Dealings with assets
The liquidator or a member of the committee of inspection of a VCC or sub‑fund must not, while acting as the liquidator or a member of the committee, directly or indirectly purchase any of the VCC’s or sub‑fund’s assets, except with the leave of the Court.