FSC releases FAQ on the new Special Purpose Fund
Article Published on July 6, 2021
The Ministry of Financial Services and Good Governance in collaboration with the Financial Services Commission (FSC) launched the New
Special Purpose Fund (SPF) on 9 June 2021. As a reminder, the Financial Services (Special Purpose Fund) Rules 2021 (referred hereinafter as
the “Rules") came into force on 6 March 2021.
The FSC has also released a FAQ with regard to this newly implemented framework in a view to provide more in-depth information and
clarifications. The FAQ can be accessed here
We communicated on the Rules which supersede the Financial Services (Special Purpose Fund) Rules 2013 and usher in a revamp of the existing
framework for SPFs,as announced in the 2019/2020 National Budget, in our past newsletter1.
1 To access our news release on the Financial Services (Special Purpose Fund) (Amendment) Rules 2021: HERE
