SG-based start-ups to get easier access to funding — thanks to simpler rules for VC funds
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Photo credit: The Straits Times

The Monetary Authority of Singapore (MAS) is proposing a simplified authorisation process and regulatory framework for new Venture Capital (VC) managers. This will make it easier and faster for them to fund start-ups in Singapore.

The proposal includes improvements to criteria of fitness and propriety and the removal of other criteria. For instance, VC managers will not be required to have directors and representatives with at least 5 years of relevant experience in fund management.

Existing base capital requirements and risk-based capital requirements are also not required under the proposed new framework.

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*This article was originally published in the now-defunct SmartFunding Medium

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