The variable capital company (VCC) structure was established by Singapore in 2020. Since then, Singapore has reported a total of 969 incorporated or re-domiciled VCCs representing 1,995 sub-funds, both umbrella and standalone.

The following briefing provides a round-up of the Cayman legal and regulatory developments during the third quarter of 2022 that may be of interest to funds clients. We are pleased to note that there is nothing critical or requiring immediate action at this time.

Summary of recent legal and regulatory developments