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Are the operating businesses of the beneficial owner or his family allowed to be part of the S13O/OA/U fund structure?
What are the required procedures if an existing S13O/OA/U fund intends to change its fund manager from a non-SFO to an SFO, or vice versa?
Do changes in (a) beneficial owners of an S13O/OA/U SFO fund (or beneficiaries where the fund is structured as a trust), (b) shareholders, directors, key employees (C-suites) and investment professionals in the SFO, or (c) new intermediate entities in the holding structure of an S13O/OA/U SFO fund or SFO, need to be reported to MAS after the approval of the S13O/OA/U tax incentive?
What is a “family member”? Can an SFO manage the monies of key employees?
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