Singapore legislation
Regulation 14
of Variable Capital Companies (Court-Ordered Winding Up) Regulations 2026
Regulation 14
Proof of debt filed by licensed moneylenders
Subregulation 1
A moneylender licensed under the Moneylenders Act 2008 (called in this regulation a licensed moneylender) filing a proof of debt in respect of a loan made by the licensed moneylender as a licensed moneylender must, within 14 days after the date of filing of the proof of debt, file a copy of the following documents in respect of the loan:
the note of the contract for the loan, mentioned in section 33(1)(a) of that Act;
the statement of account mentioned in section 34(1) of that Act, that was last supplied to the VCC, or the umbrella VCC of the sub‑fund, before the date of the order of the Court to wind up the VCC or sub‑fund.
Subregulation 2
A reference in paragraph (1) to a licensed moneylender filing a proof of debt is a reference to a person who, at the time the loan mentioned in that paragraph is granted, is a licensed moneylender, whether or not the person continues to be so licensed at the time the proof of debt is filed.