Regulatory Alerts2005-10-15
Added
Guidelines on the Register of Participants and Sending Accounts and Reports to Participants
The Monetary Authority of Singapore issued these guidelines to clarify trustee obligations under the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005. The document specifies that trustees must maintain an up-to-date register of participants holding legal ownership of units and include required particulars as mandated by Regulation 7. Furthermore, it establishes that trustees comply with reporting covenants by sending semi-annual and annual accounts to the participants listed on this register, with distributors responsible for forwarding documents to indirect unit holders.
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