SINGAPORE REGULATORY REQUIREMENTS

As a Registered Fund Management Company (RFMC) / Exempt Financial Advisor (EFA) headquartered in Singapore, the Firm's business activities are regulated globally by the Singapore Securities & Financial Advisors Act (SFA), which requires that the Firm comply with certain Singapore regulatory standards.

These standards include, among others, requirements with respect to the prevention of money laundering, relationships with politically exposed persons, the prohibition on providing assistance to flight capital efforts, client confidentiality and the outsourcing of material business functions. The Firm has established universal policies and procedures to ensure compliance with these requirements.