Business Trusts Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Definitions
3 When directors considered to be independent from management and business relationships with trustee-manager
4 When directors considered to be independent from substantial shareholder
Part II REGISTRATION OF TRUSTS AND RELATED MATTERS
5 Forms
6 Fees
7 Manner of application for registration
8 Notice of particulars and register to be maintained by Authority
9 Other requirements for trustee-manager
10 Membership of other professional association to qualify as secretary of trustee-manager
Part III TRUSTEE-MANAGER
11 Duties of trustee-manager
12 Board of directors of trustee-manager
13 Audit committee
14 Resignation of trustee-manager
15 Removal of trustee-manager by unitholders
16 Appointment of temporary trustee-manager by court
17 Temporary trustee-manager to take steps for appointment of new trustee-manager
Part IV MANAGEMENT AND ADMINISTRATION
18 Annual returns and information
Part V ACCOUNTS, AUDIT AND DISCLOSURE
19 Auditors’ remuneration
20 Disclosure of policies and practices
20A Prescribed manner of notice
Part VI MISCELLANEOUS
21 Use of term "real estate investment trust"
22 Opportunity to be heard
23 Compoundable offences
24 Acceptance of composition of offence
Legislative History