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# EXOCAP

Funds Services Reloaded

## Sitemaps

- [XML Sitemap](https://exocap.sg/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Liquidity Risk and Redemption Controls in Investment Funds](https://exocap.sg/liquidity-risk-and-redemption-controls-in-investment-funds/) - Recent market volatility has revealed the fragility of liquidity in investment funds, bringing the purpose of redemption controls to the forefront. In 2026, big industry players such as BlackRock, Apollo Global Management, Blue Owl and Blackstone have faced a surge in redemption requests, driving the use of gating measures as demand exceeds industry usual thresholds.
- [Regulatory Update – Singapore – Licensing and Conduct of Business (Fund Management Companies) - Oct 25](https://exocap.sg/regulatory-update-singapore-licensing-and-conduct-of-business-fund-management-companies-feb-25/) - The Monetary Authority of Singapore (MAS) recently updated its Guidelines On Licensing And Conduct Of Business For Fund Management Companies (‘GLCB – FMC’). We note in particular the updates of 3 September 2025 containing: updates on key personnel requirements; and a new definition of 'AUM'. Key Personnel Requirements New criteria were added: For LFMCs,
- [IRAS Advance Ruling - Redemption of Fund Units Held by a SG ManCo](https://exocap.sg/iras-advance-ruling-redemption-of-manco-held-funds-units/) - On March 3, 2025, the Inland Revenue Authority of Singapore (IRAS) issued an advance ruling summary clarifying the corporate income tax treatment of unit redemptions by a licensed fund management company from an open-ended fund it manages. The core question addressed was whether these redemptions would be considered non-taxable capital gains. The ruling, accessible via
- [Regulatory Update – Singapore – Licensing and Conduct of Business (Fund Management Companies) - Feb 25](https://exocap.sg/regulatory-update-singapore-lcbfmc-feb-25/) - A few months have passed since our last SG regulatory update corresponding to the repeal of the RFMC regime in August 2024. Several developments have occurred across various areas. We will highlight key trends and topics relevant to licensed fund managers and prospective new managers in Singapore. In this post, we focus on updates regarding
- [Updates to Singapore Funds Tax Exemption Schemes - Key Takeaways](https://exocap.sg/updates-to-singapore-funds-tax-exemption-schemes-key-takeaways/) - On 1st October 2024, MAS issued Circular FDD Cir 10/2024 on the new funds tax incentives regime. Here we go with our key takeaways. For the avoidance of doubt, these rules are irrelevant to Singapore Single Family Offices. Download our Updates to Singapore Funds Tax Incentive Schemes - 8 Oct 24: Exocap - Updates to
- [Regulatory Update – Singapore – The RFMC Regime is Repealed – Consequences – Aug 24](https://exocap.sg/regulatory-update-singapore-the-rfmc-regime-is-repealed-consequences-aug-24/) - The RFMC regime was repealed on 1st August 2024. 1. Consequences for ex-RFMCs – Our conversion package Here is a link to our RFMC > A/I LFMC conversion package. Converted RFMCs should take into account their new regulatory obligations. 2. Regulatory framework There are now 3 categories (instead of 4) of licenced fund management companies
- [Exocap's approach to fund administration](https://exocap.sg/approachtofundadministration/) - We offer a comprehensive range of services to both investment funds and their managers, that’s why we refer to Exocap as a ‘funds services’ firm, and not just as a ‘fund administrator’. When it comes to fund administration, i.e. the services outsourced to us by funds and managers in relation to the ongoing administration needs
- [Singapore Variable Capital Company (VCC) - Leaflet](https://exocap.sg/vcc-leaflet/) - The Variable Capital Company (VCC) is a popular fund structure introduced in Singapore to enhance the city-state’s position as a fund management hub. Inspired by other jurisdictions’ successful vehicles such as Societes d’Investissement a Capital Variable (SICAVs) and Protected Cells Companies (PCCs), VCCs have a corporate structure, a separate legal personality, and a variable capital.
- [Singapore Venture Capital Fund Management Company (VCFM) - Leaflet](https://exocap.sg/singapore-venture-capital-fund-management-vcfm-leaflet/) - The Venture Capital Fund Management Company (VCFM) was introduced by the Monetary Authority of Singapore (MAS) in 2017 and is often described as a light-touch supervision framework. The VCFM regime simplifies and shortens the authorisation process for managers of venture capital funds seeking a capital markets services (CMS) license. Its primary objectives are: Supporting start-ups:
- [Regulatory Update - Singapore - Funds Managed by VCFMs - Jun 24](https://exocap.sg/regulatory-update-singapore-funds-managed-by-vcfms-jun-24/) - On 7 June 2024, the Monetary Authority of Singapore (MAS) published an updated version of: (i) the Guidelines on Licensing, Registration and Conduct of Business for Fund Management Companies ('GLRCB - FMC'); and (ii) the FAQs on the Licensing and Registration of Fund Management Companies ('FAQ - LR - FMC') Amendments were made to the
- [Singapore Funds Tax Exemption Schemes - Updated Oct 24](https://exocap.sg/singapore-funds-tax-exemption-schemes/) - UPDATED OCT 2024 Singapore is generally considered as an attractive jurisdiction when it comes to taxation. Resident individuals are taxed on Singapore-sourced income at progressive rates (up to 24%), while companies are taxed at a flat rate of 17%. Also, Singapore does not impose tax on capital gains. Although investment funds such as VCCs are
- [From RFMC to AI LFMC](https://exocap.sg/from-rfmc-to-ai-lfmc/) - As announced last year, the RFMC regime is in the process of being repealed, as the Monetary Authority of Singapore (MAS) stopped accepting new RFMC applications since 1st January 2024. The RFMC regime was a lighter-touch regime designed for managers with up to SGD 250 million under management and catering to no more than 30

## Pages

- [HOME](https://exocap.sg/) - Funds Services Reloaded Exocap is an innovative funds services firm originated in Singapore ABOUT EXOCAP Our platform We assist investment funds, their managers and sponsors across three silos: structuring, set-up & documentation and ongoing services.We also provide consulting and advisory services to the asset management industry. Read More Why Choose us What we do ?
- [Contact](https://exocap.sg/contact/) - Get in touch Get in touch Dont hesitate to ask a question +65 8328 9056 info@exocap.sg 391B Orchard Road, Ngee Ann City Tower B Level 22 Singapore 238874 Name Company Email Message Send
- [Anti-Money Laundering Information - Documents Required (Singapore)](https://exocap.sg/aml-sg/) - This page provides guidance to investors in respect of the documents to be provided when subscribing to a Singapore fund. A printable version of this page is available here: AML Documents Required (Singapore) This page sets out the due diligence documents a subscriber (or its intermediary) to a collective investment scheme (“Subscriber”) must submit to
- [About](https://exocap.sg/about/) - About Us Welcome to Exocap Our approach to Funds Services Exocap is both a platform and an adviser.We combine tech solutions, project management skills and industry expertise to provide a unique service, together with our ecosystem partners – always with an entrepreneurial spirit. Our services Why we do this ? History Exocap was launched in
- [Blog](https://exocap.sg/blog/) - Blog All Foundations Quick posts News Deep cuts All Foundations Quick posts News Deep cuts May 16, 2026 Deep cuts Liquidity Risk and Redemption Controls in Investment Funds Recent market volatility has revealed the fragility of liquidity in investment funds, bringing the purpose of redemption controls to the... Read more October 22, 2025 News Regulatory
- [Anti Money Laundering - Documentation Requirements](https://exocap.sg/anti-money-laundering-documentation-requirements-for-entities/) - This page provides guidance to investors in respect of the documents to be provided when subscribing to a Singapore fund. Table of Contents A printable version of this page is available here: AML Document requirements This Appendix sets out the due diligence documents the Subscriber or its/his intermediary must submit to satisfy the requirements of
- [Privacy Policy](https://exocap.sg/privacy-policy-2/) - Privacy & Cookie Policy Effective Date: 1st July 2023 This Privacy Policy applies to Personal Data (as defined below) collected by Exocap Pte. Ltd. (“Exocap” “we” or “us“) through www.exocap.sg and any other website, application or digital service on or to which this Privacy Policy is linked or referenced (collectively, the “Services“), and is drafted
- [Privacy Policy](https://exocap.sg/privacy-policy/) - Privacy & Cookie Policy Effective Date: 1st July 2023 This Privacy Policy applies to Personal Data (as defined below) collected by Exocap Pte. Ltd. (“Exocap” “we” or “us“) through www.exocap.sg and any other website, application or digital service on or to which this Privacy Policy is linked or referenced (collectively, the “Services“), and is drafted

## Categories

- [Foundations](https://exocap.sg/category/foundations/)
- [Quick posts](https://exocap.sg/category/quick-posts/)
- [Deep cuts](https://exocap.sg/category/deep-cuts/)
- [News](https://exocap.sg/category/news/)