VCC Regulatory Oversight
MAS-required oversight collaborators and associates ensuring ACT! VCC's full compliance with Singapore's Variable Capital Company regulatory framework.
Regulatory Framework
As a Variable Capital Company incorporated under Singapore law, ACT! VCC is required by the Monetary Authority of Singapore (MAS) to maintain a comprehensive oversight framework. The following entities collectively provide the licensed fund management, independent auditing, fund administration, and corporate banking infrastructure that ensure ACT! operates within the highest standards of institutional governance and regulatory compliance.
Azure Capital Pte Ltd
Singapore
ACT! VCC has appointed Azure Capital Pte Ltd as its MAS-Licensed Fund Management Company (LFMC). Azure Capital, led by CEO Terence Wong, is a Singapore-based fund management firm holding a Capital Markets Services (CMS) licence issued by the Monetary Authority of Singapore (MAS).
As the licensed fund manager for ACT! VCC, Azure Capital provides the regulatory oversight, compliance framework, and fund administration infrastructure required to operate a Variable Capital Company under Singapore law.
Azure Capital brings extensive experience across equity research, capital markets, and investment management. The firm's principal, Terence Wong, has a distinguished track record spanning senior leadership roles at DMG & Partners Securities, SIAS Research, and multiple board and committee positions in Singapore's financial services ecosystem.
This collaboration ensures that ACT! VCC operates within a robust, MAS-regulated framework, providing institutional investors with the governance standards and regulatory assurance they require when deploying capital into climate technology investments.
KPMG LLP
Singapore
ACT! VCC is in the process of formalizing the appointment of KPMG LLP as its MAS-approved external auditor. KPMG is one of the Big Four professional services firms globally, with deep expertise in fund auditing, financial services, and regulatory compliance.
As external auditor, KPMG will provide independent assurance over ACT! VCC's financial statements, internal controls, and regulatory reporting, ensuring transparency and accountability to investors and the Monetary Authority of Singapore.
KPMG Singapore has extensive experience auditing Variable Capital Companies and regulated fund structures, bringing world-class audit methodologies, technology-enabled assurance processes, and deep knowledge of Singapore's financial regulatory landscape.
Ascent Fund Services Pte Ltd
Singapore
ACT! VCC has appointed Ascent Fund Services Pte Ltd as its Independent Fund Administrator. Ascent Fund Services, operating as The Ascent Group, is an independent global fund administrator headquartered in Singapore and a subsidiary of KFin Technologies Limited (KFintech).
Established in 2019, The Ascent Group delivers institutional-grade fund administration with precision, regulatory confidence, and a partnership-driven approach across multiple jurisdictions. The firm maintains a global footprint with offices across Asia, the Middle East, Europe, and the Americas.
As Independent Fund Administrator for ACT! VCC, Ascent provides a comprehensive suite of services including fund accounting and NAV calculation, investor services and compliance, financial reporting, and operational and administrative support — all critical to the smooth functioning of a Variable Capital Company under Singapore law.
The Ascent Group brings deep expertise in Singapore's VCC framework and serves asset managers, family offices, and institutional investors with strategy-agnostic expertise across asset classes, combined with personalised attention and flexible, technology-enabled solutions.
DBS Bank Ltd
Singapore
ACT! VCC has appointed DBS Bank Ltd as its Corporate Banking Partner. DBS is Southeast Asia's largest bank by assets and is consistently recognised as one of the world's leading financial institutions, with a strong commitment to sustainability and green finance.
As corporate banker for ACT! VCC, DBS provides corporate banking services, treasury management, and transactional banking infrastructure essential to the fund's day-to-day operations and capital management requirements.
DBS has been at the forefront of sustainable finance in Asia, having established dedicated green and sustainability-linked financing programmes. The bank's deep understanding of climate-related investments and ESG frameworks makes it an ideal banking partner for ACT! VCC's climate technology mandate.