Regulatory Alerts2006-11-30
Added · Updated
Trust Companies (Exemption) (Amendment) Regulations 2006
The Monetary Authority of Singapore issued the Trust Companies (Exemption) (Amendment) Regulations 2006 to amend the Trust Companies (Exemption) Regulations 2005. These regulations exempt direct life insurers and persons securing credit facilities from trust company licensing requirements while updating notification forms and imposing penalties for non-compliance. The amendments came into operation on 1st June 2006.
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