Singapore to stimulate VC industry

Singapore’s monetary authority is in the process of reviewing regulations around venture capital to drive innovation in the city-state.

The Monetary Authority of Singapore (MAS), the country’s financial regulator, is reviewing its regulations governing venture capital managers, the Business Times reported yesterday.

The move comes as part of a wider drive in the city-state to increase innovation by making more funding available locally and in the region.

MAS is primarily seeking to simplify and shorten the application process to new venture capital managers. It is also exploring ways to protect investors and exempt VC managers from certain requirements that apply to all asset managers.

Finally, MAS is considering whether it could extend existing incentives for traditional asset managers to also attract and retain venture capital funds.

The authority is due to conduct a public consultation in January, with an updated framework to be introduced by July 2017. The government’s Committee on the Future Economy is also set to publish a report with further recommendations early in 2017.

See more from this Government Report: Singapore

Back

Supporting articles

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Benson Hill to grow with $25m series B

    March 30, 2017

  2. Kaloom makes an impact with $10.7m series A

    March 28, 2017

  3. UK to review tax breaks

    April 03, 2017

  4. STT reinforces Armor with $89m investment

    April 06, 2017

  5. Bpifrance helps engineer $24m Segex buyout

    March 28, 2017

Events

  • 23 May - 24 May, 2017

    GCV Symposium 2017 - London

    Join 400+ business leaders from the corporate venturing and wider high growth business ecosystem for the two-day 2017 GCV Symposium.

  • More Events