Form 10 - Notice of Cessation of Trust Business of Persons Exempted from Holding a Trust Business Licence under Section 15(1)(a), 15(1)(b), or Regulation 4(1)(b)(iv)
Form for banks, merchant banks and other exempt persons providing trust services to notify MAS of their cessation of trust business within 14 days of the date of cessation.
Provides guidance on the regulatory scope of the Trust Companies Act, including licensing and reporting requirements for licensed trust companies, exempt trust companies and exempt persons providing trust services.
Sets out the groups of persons exempted from the requirement to hold a trust business licence and the regulatory requirements for these exempt persons.