FAMILY OFFICES A B Note: Local investments refer to (i) equities, REITS or Business Trusts listed on Singapore-approved exchanges . (ii) qualifying debt securities, (iii) funds distributed by Singapore-licensed/registered fund managers or financial institutions, (iv) private equity investments into non-listed Singapore-based incorporated companies (eg. Start-ups) with operating business(es) in Singapore. The recent requirements make SFO’s to – Uplifting the standards…