What is the requirement for being a VCC (Variable Capital Company) director?

He/she must be:

(a) At least 18 years old;

(b) Of legal capacity;

(c) A fit and proper person. The factors in determining whether a person is a fit and proper person to act as a director of a VCC are prescribed under the Variable Capital Companies Regulations 2020; and

(d) Not disqualified from acting as a director of a VCC, e.g. an undischarged bankrupt

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