Regulation 2
Definitions
In these Regulations, unless the context otherwise requires —[Deleted by S 170/2026 wef 01/04/2026]“register of VCCs” means the register kept by the Registrar for the purpose of registering VCCs under section 16(4) of the VCC Act;“regulator” means a statutory body or an authority conferred with supervisory or regulatory functions under a statute;“regulatory action” means any action that may be taken —
against a VCC by a regulator for a breach of —
any condition of a licence, registration, permit, permission or consent, or an approval, authorisation or exemption (however described) granted to the VCC, under any written law;
any condition imposed on the suspension of a licence, registration, permit, permission or consent, or an approval, authorisation or exemption (however described) granted to the VCC, under any written law; or
any direction issued to the VCC under any written law; or
against an umbrella VCC on account of its sub‑fund for a breach of —
any condition of an approval or authorisation (however described) of the sub‑fund under any written law;
any condition imposed on the suspension of an approval or authorisation (however described) of the sub‑fund under any written law; or
any direction issued to the umbrella VCC in respect of its sub‑fund under any written law;“VCC Act” means the Variable Capital Companies Act 2018.
Definition
“register of VCCs” means the register kept by the Registrar for the purpose of registering VCCs under section 16(4) of the VCC Act;
Definition
“regulator” means a statutory body or an authority conferred with supervisory or regulatory functions under a statute;
Definition
“regulatory action” means any action that may be taken —
against a VCC by a regulator for a breach of —
any condition of a licence, registration, permit, permission or consent, or an approval, authorisation or exemption (however described) granted to the VCC, under any written law;
any condition imposed on the suspension of a licence, registration, permit, permission or consent, or an approval, authorisation or exemption (however described) granted to the VCC, under any written law; or
any direction issued to the VCC under any written law; or
against an umbrella VCC on account of its sub‑fund for a breach of —
any condition of an approval or authorisation (however described) of the sub‑fund under any written law;
any condition imposed on the suspension of an approval or authorisation (however described) of the sub‑fund under any written law; or
any direction issued to the umbrella VCC in respect of its sub‑fund under any written law;
Definition
“VCC Act” means the Variable Capital Companies Act 2018.