Do changes in (a) beneficial owners of a 13O/13U fund managed by a Single Family Office (“SFO”) (or beneficiaries where the fund is structured as a Trust), or (b) shareholders, directors, key employees (C-suites) and investment professionals in the SFO, (c) new intermediate entities in the shareholding of a 13O/13U fund or SFO, need to be reported to MAS after the approval of the section 13O/13U tax incentive?
Yes, please notify MAS on such additions or replacements of persons and entities related to the FO and section 13O/13U fund (the “awardee”), as this is material information that has changed compared to the point of the application. Please provide the following details of the change to the Authority, by writing to the officer-in-charge (“OIC”) and covering officer, and to FO_13OU@mas.gov.sg :
- Registered / Full name (as per passport for individuals), including Mandarin characters if applicable
- UEN/ Business registration number (for corporates)
- Place of incorporation (for corporates)
- Date of incorporation (for corporates)/ Date of birth (for individuals)
- Citizenship (for individuals; please list all citizenships, and past citizenships, if more than one. Please also indicate if the individual is a Singapore Permanent Resident)
- Gender (for individuals)
- Relationship to beneficial owner
- Revised shareholding structure if applicable
- Role in FO (for individuals)
- Relevant academic qualifications and professional work experience (for individuals; if acting as an investment professional in the SFO)
- Curriculum vitae (for individuals; if acting as an investment professional in the SFO)
This information is sourced from MAS
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