Singapore legislation
Regulation 5
of Variable Capital Companies (Receivership) Regulations 2026
Regulation 5
Statement of affairs of VCC or sub-fund
Subregulation 1
A statement as to the affairs of a VCC or sub‑fund mentioned in section 83(1)(b) of the IRDA must be in Form VCCRECR‑1.
Subregulation 2
A person making a claim under section 84(4) of the IRDA for the costs and expenses incurred in preparing and making a statement of affairs of a VCC or sub-fund, and affidavit verifying the statement, must produce a copy of the supporting evidence such as invoices, bills of cost and receipts to the receiver or manager upon request.