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.
Published Date: 22 December 2005
These guidelines set out the scope of trust business activities and provides examples of what MAS considers to be:
- Creation of an express trust, or arranging for any person to act as a trustee.
- Providing trust administration services for an express trust.
- Procedural and non-discretionary trust administrative services.