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Under reviewSINGAPOREfinancial-reportingregulatory-textVerified 2026-07-28

Variable Capital Companies (Prescribed Accounting Standards) Regulations 2020

This page presents, passage by passage, the complete current consolidation of the Variable Capital Companies (Prescribed Accounting Standards) Regulations 2020 reproduced on Singapore Statutes Online (SSO), followed by an editorial Chinese translation. The Regulations prescribe three accounting standards or account-preparation frameworks that may apply to a VCC.

Translation review status

The official English text has been checked. The editorial Chinese translation remains a draft pending professional human review. This page status does not alter the current legal status of the cited official Regulations.

Singapore Government copyright and SSO permission / 新加坡政府版权与 SSO 许可

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English: The Singapore legislation reproduced on this page is subject to copyright of the Government of Singapore and is used and reproduced with the permission granted by the Attorney-General’s Chambers of Singapore (AGC) to users of Singapore Statutes Online (SSO). Users should check SSO for the latest version. The site operator is responsible for the accuracy of the legislation reproduced. Nothing on this page suggests any association or affiliation with, or endorsement by, AGC or SSO. SSO states that its online consolidation is not the authoritative text; consult the Singapore Government Gazette when an authoritative text is required. See the SSO Terms of Use and SSO FAQ for the permission conditions.

SourceSG-VCC-ASR
English original

In exercise of the powers conferred by section 165 of the Variable Capital Companies Act 2018, the Minister for Finance makes the following Regulations:

Editorial Chinese translation

财政部长根据《2018年可变资本公司法》第165条赋予的权力，制定以下规例：

Regulatory passage

Regulation 1 / 第1条

SourceSG-VCC-ASR
English original

1. These Regulations are the Variable Capital Companies (Prescribed Accounting Standards) Regulations 2020 and come into operation on 16 March 2020.

Editorial Chinese translation

1. 本规例称为《2020年可变资本公司（订明会计准则）规例》，并于2020年3月16日起施行。

Regulatory passage

Regulation 2 / 第2条

SourceSG-VCC-ASR
English original

2. The following accounting standards or practices are prescribed for the purposes of section 100(8)(b) of the Act:

Editorial Chinese translation

2. 为施行该法第100(8)(b)条，现订明以下会计准则或惯例：

SourceSG-VCC-ASR
English original

(a) the International Financial Reporting Standards issued by the body known as the International Accounting Standards Board;

Editorial Chinese translation

(a) 由称为国际会计准则理事会（International Accounting Standards Board）的机构发布的国际财务报告准则（International Financial Reporting Standards）；

SourceSG-VCC-ASR
English original

(b) the United States Generally Accepted Accounting Principles issued by the Financial Accounting Standards Board;

Editorial Chinese translation

(b) 由美国财务会计准则委员会（Financial Accounting Standards Board）发布的美国公认会计原则（United States Generally Accepted Accounting Principles）；

SourceSG-VCC-ASR
English original

(c) the requirements relating to the preparation of accounts mentioned in chapter 5.1 of the Code on Collective Investment Schemes issued by the MAS under section 321(1) of the Securities and Futures Act (Cap. 289).

Editorial Chinese translation

(c) 新加坡金融管理局（MAS）根据《证券及期货法》（第289章）第321(1)条发布的《集合投资计划守则》第5.1章所述有关编制账目的要求。

SourceSG-VCC-ASR
English original

Made on 10 March 2020.
TAN CHING YEE
Permanent Secretary,
Ministry of Finance,
Singapore.

Editorial Chinese translation

于2020年3月10日制定。
TAN CHING YEE
新加坡财政部常任秘书