Sets out the requirements which apply when licensed or exempt trust companies enter into certain trust arrangements with certain specified persons
This notice sets out the obligations of a licensed trust company or an exempt trust company (i.e. bank or merchant bank) when it enters into an arrangement with certain specified persons to create or act as trustee for an express trust, such as:
It also sets out obligations on the specified person to furnish information as required by the licensed or exempt trust company, and to use due care to ensure that the information is not false or misleading.
There are no amendment notes for this notice.
Form for banks, merchant banks and other exempt persons providing trust services to notify MAS of their commencement of trust business within 1 month from the date of commencement of trust business.
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.
Requirements for trust companies on anti-money laundering (AML) and countering the financing of terrorism (CFT).
Sets out the groups of persons exempted from the requirement to hold a trust business licence and the regulatory requirements for these exempt persons.
Governs the licensing and regulation of trust companies in Singapore.
