Search results
Trust Companies Act 2005. 2020 REVISED EDITION. This revised edition incorporates all amendments up to and including 1 December 2021 and comes into operation on 31 December 2021. An Act to provide for the licensing and regulation of trust companies and for matters connected therewith. [1 February 2006]
Jul 31, 2006 · 28th February 2005. An Act to repeal and re-enact with amendments the Trust Companies Act (Chapter 336 of the 1985 Revised Edition) so as to provide for the licensing and regulation of trust companies and for matters connected therewith, and to make consequential amendments to certain other written laws. 1.
—(1) Every licensed trust company must ensure that all moneys, property, securities, specified securities‑based derivatives contracts and units in a collective investment scheme received or held by the licensed trust company in a fiduciary capacity are always kept distinct and in separate accounts from its own moneys, property, securities ...
in accordance with whose directions, instructions or wishes the directors of the licensed trust company are accustomed to act by reason only that they act on advice given by the person in the person’s professional capacity.
Licensed Trust Companies are licensed under section 3 of the Trust Companies Act (Cap. 336) to carry out trust business specified in the First Schedule to the Trust Companies Act. Trust business refers to: (a) the provision of services with respect to the creation of an express trust; (b) acting as trustee in relation to an express trust;
LTCs are able to act as trustees of express trusts, provide services in relation to the creation of an express trust, as well as provide trust administration services. You may wish to refer to MAS’ directory of financial institutions for a list of LTCs in Singapore.
The Trust Companies Act (Cap 336, 2006 revised edition) (‘Act’) prohibits any person other than a licensed trust company from carrying on (or holding himself out as carrying on) trust business in or from within Singapore, unless that person comes within one of the statutory exceptions or is exempted by the Act from the requirement to hold a ...
Private Trust Companies (PTCs) are established with the sole purpose of acting as corporate trustee to a trust or a number of trusts, created by a settlor or individuals connected to the settlor described in the trust instrument creating the private trust. MEANING OF PRIVATE TRUST.
Trust law in Singapore is governed by the Trust Companies Act of 2005, which was revised in 2006. . Singapore trust companies are rigorously regulated by the Monetary Authority of Singapore (MAS). . (Singapore) Pte. Limited is in full compliance with the MAS requirements for. Singapore Foreign Trusts .
TRUST COMPANIES ACT (Revised 1985) (CHAPTER 336) ARRANGEMENT OF PROVISIONS 1. Short title. 2. Interpretation. REGISTRATION OF TRUST COMPANIES 3. Application by company to be registered as a trust company. 4. Issue of certificate. 5. Registration of a company incorporated in Malaysia as a trust company. 6. Register of trust companies to be kept.
