Third-party fund management requires Fund Management Entities to maintain separate additional net worth beyond requirements for other permitted activities. Third-party fund management services require a Fund Management Entity seeking authorisation to maintain an additional net worth of USD 500,000 or such ... Summary
Third-party fund management requires Fund Management Entities to maintain separate additional net worth beyond requirements for other permitted activities.
Third-party fund management services require a Fund Management Entity seeking authorisation to maintain an additional net worth of USD 500,000 or such other amount as may be specified by the Authority. This amount must be separately maintained, in addition to net worth required for registered fund management, schemes, portfolio management services, other permitted activities without third-party arrangements, and activities conducted within or outside the International Financial Services Centre.
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