Regulatory Alerts2015-01-01
Central Bank of Samoa Prudential Guidelines for Unit Trust 2015
The Central Bank of Samoa issued these 2015 Prudential Guidelines to regulate Unit Trusts and other capital market participants under the Unit Trust Act 2008 and Financial Institution Act 1996. The document mandates strict 'Fit and Proper' assessments for directors and senior management, while defining specific eligibility, bonding, and fiduciary duties for Management Companies and Trustees. It further establishes comprehensive requirements for investment policy formulation, portfolio management, risk control, and ongoing reporting to ensure financial stability and protect unit holder interests.
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