Trust Companies Regulations - Singapore Statutes Online

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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

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