Guidelines on Criteria for the Grant of a Trust Business Licence [TCA-G02]

Guidelines

Last Revised Date: 17 January 2024

Guidelines on Criteria for the Grant of a Trust Business Licence [TCA-G02]

How to qualify to be a licensed trust company

Fit and Proper Criteria

Key Appointments

Capital and Financial Resources

Security Deposit and PII

Licensing, Authorisation and Registration

Applies to:

Licensed Trust Company

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Guidelines on Criteria for the Grant of a Trust Business Licence [TCA-G02]

(98.4 KB)

Sets out the admission criteria for licensed trust companies, including the minimum capital or qualifying assets, resident managers and professional indemnity insurance.

17 Jan 2024 Guidelines on Criteria for the Grant of a Trust Business Licence last revised on 17 Jan 2024 (98.4 KB) 24 Aug 2010 Guidelines on Criteria for the Grant of a Trust Business Licence last revised on 24 Aug 2010 (68.6 KB)

Form for licensed trust companies to apply for the appointment of a resident manager or director.

Guidelines on fit and proper criteria for all relevant persons carrying out any activity regulated by MAS.

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Form for entities to apply for a trust business licence under the Trust Companies Act.

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.

How to apply for a trust business licence and pay fees.

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