NOTE:
* Subject to rebate cap of $6 million per year of assessment (YA) for qualifying firms with market cap of at least $1 billion, or $3 million per YA for qualifying firms with market cap of less than $1 billion.

** • For new funds: At least 30% of assets under management (AUM) invested in Singapore-listed equities.
• For existing funds: At least 30% of AUM invested in Singapore-listed equities; annual net inflows equivalent to at least 5% of fund's AUM in the preceding year.