Trust Companies Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Definitions
3 Forms
4 Fees
Part II REGULATION OF LICENSED TRUST COMPANIES
5 Change of particulars of licensed trust company
6 Lapsing of licence
7 Return of licence
8 Number of resident managers
9 Application and criteria for appointment of resident manager and director
10 Duties of resident manager and director
Part III FINANCIAL REQUIREMENTS
11 Minimum financial requirements for trust companies
12 Maintenance of net asset value and qualifying assets
13 Where net asset value or qualifying assets falls below required amount
14 Professional indemnity insurance
Part IV CONDUCT OF BUSINESS
15 Limits for unsecured credit and credit facilities
16 Advertisement
17 Prohibition of certain trades
18 Unclaimed moneys to be paid into court
Part V ACCOUNTS AND AUDIT
19 Preparation and lodgment of accounts
20 Books of licensed trust company
Part VI MISCELLANEOUS
21 Books in English language
22 Opportunity to be heard
23 Compoundable offences
24 Acceptance of composition of offence
Legislative History