FAQs
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.
Related to this Item
-
GuidelinesLast Revised Date: 05 October 2018
Guidelines on Outsourcing
Guidelines for financial institutions on risk management of outsourcing arrangements.
-
RegulationsLast Revised Date: 13 August 2018
Trust Companies Regulations
Set out requirements for licensing, financial resources and conduct of business requirements for licensed trust companies.
-
Forms and TemplatesPublished Date: 01 November 2016
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.
-
ConsultationsPublished Date: 18 September 2015
Public Consultation on Proposed Amendments to the Securities and Futures Act, Financial Advisers Act and Trust Companies Act
Proposed amendments to enhance and harmonise MAS authorisation and supervisory powers across the SFA, FAA and TCA. MAS also sought comments on allowing the pledging of securities held in CDP direct accounts for collateralised trading.
- Consultation number:
- P015 - 2015
- Start date:
- 18 September 2015
- Closing date:
- 16 October 2015
- MAS response date:
- 09 July 2018
-
NoticesLast Revised Date: 23 January 2013
Notice TCA-N04 Reporting of Suspicious Activities and Incidents of Fraud
When to report suspicious activities and incidents of fraud.
-
GuidelinesPublished Date: 24 August 2010
Guidelines on Criteria for the Grant of a Trust Business Licence [TCA-G02]
How to qualify to be a licensed trust company
-
Forms and TemplatesPublished Date: 09 December 2009
Form 6 - Omnibus Statement of Trust Accounts under Regulation 19(1)
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.
-
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.
-
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.
-
Forms and TemplatesPublished Date: 09 February 2007
Form 8 - Notice of Commencement of Trust Business of Persons Exempted from Holding a Trust Business Licence under Section 15(1)(a), 15(1)(b), or Regulation 4(1)(b)(iv)
Form for banks, merchant banks and other exempt persons providing trust services to notify MAS of their commencement of trust business within 1 month from the date of commencement of trust business.
-
Forms and TemplatesPublished Date: 09 February 2007
Form 9 - Notice of Change of Particulars of Persons Exempted from Holding a Trust Business Licence under Section 15(1)( a), 15(1)(b), or Regulation 4(1)(b)(iv)
Form for exempt trust companies and exempt person providing trust services to notify MAS of any change in particulars within 14 days of the date of change.
-
Forms and TemplatesPublished Date: 09 February 2007
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.
-
Forms and TemplatesPublished Date: 09 February 2007
Form 10 - Notice of Cessation of Trust Business of Persons Exempted from Holding a Trust Business Licence under Section 15(1)(a), 15(1)(b), or Regulation 4(1)(b)(iv)
Form for banks, merchant banks and other exempt persons providing trust services to notify MAS of their cessation of trust business within 14 days of the date of cessation.
-
ActsPublished Date: 31 July 2006
Trust Companies Act (Cap. 336)
Governs the licensing and regulation of trust companies in Singapore.
-
RegulationsLast Revised Date: 01 June 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.
-
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.
-
GuidelinesPublished Date: 22 December 2005
Guidelines on Licence Application and Payment of Fees [TCA-G01]
How to apply for a trust business licence and pay fees.
-
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.
-
NoticesLast Revised Date: 22 December 2005
Notice TCA-N01 Effecting Arrangements through Licensed Trust Companies or Exempt Persons under Section 15(1)(a) and 15(1)(b) of the Act
Sets out the requirements which apply when licensed or exempt trust companies enter into certain trust arrangements with certain specified persons