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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?
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I have an existing approved 13O/13U fund. What should I do if I wish to change in the fund manager of the 13O/13U fund from a Licensed Fund Management Company (“FMC”) to an SFO?
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What is a family member?
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