Regulations
Trust Companies Regulations
Set out requirements for licensing, financial resources and conduct of business requirements for licensed trust companies.
Applies to:
Licensed Trust Company
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Trust Companies Regulations
This set of regulations applies to all licensed trust companies.
It sets out requirements relating to:
- Licensing and appointments of resident managers and directors.
- Fit and proper criteria.
- Capital and professional indemnity insurance.
- Conduct of business.
- Record keeping and the reporting of accounts to MAS.
Amendment Notes
- 13 Aug 2018
- Trust Companies (Amendment) Regulations 2018 (169.2 KB) takes effect.
Related to this Item
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GuidelinesPublished Date: 31 July 2024
Guidelines on Fit and Proper Criteria [FSG-G01]
Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.
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GuidelinesLast Revised Date: 17 January 2024
Guidelines on Criteria for the Grant of a Trust Business Licence [TCA-G02]
How to qualify to be a licensed trust company
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FAQsLast Revised Date: 17 January 2024
FAQs on Trust Companies Act and Trust Companies Regulations
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.
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Forms and TemplatesLast Revised Date: 04 November 2022
Form 2 - Notice of Change of Particulars under Section 9 and Regulation 5
Form for licensed trust companies to notify MAS of any changes in particulars of the licensed trust company, its Resident Manager, Director or Controller within 14 days of the date of change.
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Forms and TemplatesLast Revised Date: 07 October 2021
Form 1 - Application for a Trust Business Licence under Section 4
Form for entities to apply for a trust business licence under the Trust Companies Act.
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GuidelinesLast Revised Date: 07 October 2021
Guidelines on Licence Application and Payment of Fees [TCA-G01]
How to apply for a trust business licence and pay fees.
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Forms and TemplatesLast Revised Date: 12 August 2021
Form 6 – Omnibus Statement of Trust Accounts under Regulation 19(1) of Trust Companies Regulations and Regulation 5 of Trust Companies (Exemption) Regulations
Form for licenced trust companies and exempt persons providing trust services to provide information on assets under trusteeship, within 60 days from the end of the calendar year.
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Forms and TemplatesLast Revised Date: 06 May 2021
Form 4 - Appointment of Resident Manager or Director under Section 13 and Regulation 9
Form for licensed trust companies to apply for the appointment of a resident manager or director.
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Forms and TemplatesPublished Date: 14 May 2009
Form 5 - Maintenance of Net Asset Value and Qualifying Assets under Regulation 12
Form for licensed trust companies to provide a breakdown of its net asset value or qualifying assets within 14 days from the grant of its licence and thereafter, within 5 months from the end of its financial year.
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Forms and TemplatesPublished Date: 09 February 2007
Form 7 - Auditor's Report under Regulation 19
Form for licensed trust companies to submit an auditor's report on the licensed trust companys business within 5 months from the end of its financial year.
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RegulationsLast Revised Date: 30 November 2006
Trust Companies (Exemption) Regulations
Sets out the groups of persons exempted from the requirement to hold a trust business licence and the regulatory requirements for these exempt persons.
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ActsPublished Date: 31 July 2006
Trust Companies Act 2005
Governs the licensing and regulation of trust companies in Singapore.
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GuidelinesPublished Date: 22 December 2005
Guidelines on Scope of Regulation [TCA-G04]
Guidelines on the scope of regulation and exemption under the Trust Companies Act.
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NoticesLast Revised Date: 22 December 2005
Notice TCA-N02 on Qualifying Assets and Reduction Percentages
Sets out the requirements to maintain qualifying assets for licensed trust companies incorporated outside Singapore.
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GuidelinesPublished Date: 22 December 2005
Guidelines on Standards of Conduct for Licensed Trust Companies [TCA-G03]
Sets out expectations for the conduct of licensed trust companies.