Singapore legislation
Regulation 3
of Variable Capital Companies (Application of Bankruptcy Act Provisions) (Revocation) Regulations 2026
Regulation 3
Saving and transitional provision
Subregulation 1
Despite regulation 2, the Variable Capital Companies (Application of Bankruptcy Act Provisions) Regulations 2020 as in force immediately before 1 April 2026 apply to or in relation to the following:
an order, made before 1 April 2026, for the winding up of a VCC under section 216(2)(f) of the Companies Act 1967 as applied by the old section 142 of the VCC Act;
an application made before 1 April 2026 for the winding up of a VCC or a sub‑fund of an umbrella VCC, under the repealed section 253 of the Companies Act 1967 as applied by the old section 33 or 130 (as the case may be) of the VCC Act;
a voluntary winding up that commences (within the meaning of the repealed section 291(6) of the Companies Act 1967 as applied by the old section 33 or 130 of the VCC Act) before 1 April 2026.
Subregulation 2
In paragraph (1) —
“VCC Act” means the Variable Capital Companies Act 2018; and
a reference to an old provision of the VCC Act is to that provision of the VCC Act that is in force immediately before 1 April 2026.