Trustees Act (Chapter 337): Primary legislation governing trustees' duties, powers, and responsibilities. Regulates trust administration and investment powers, and sets out statutory requirements for trustees.
Trust Companies Act (Chapter 336): Regulates trust companies in Singapore, sets out licensing requirements, and establishes compliance obligations for trust companies.
Banking Act (Chapter 19): Regulates banking operations and account management, particularly relevant when trust accounts are maintained with banking institutions.
AML/CFT Requirements (MAS Notice 626): Anti-Money Laundering and Countering the Financing of Terrorism requirements including customer due diligence and record keeping obligations.
Personal Data Protection Act 2012: Governs the handling of personal data, including consent obligations and data protection provisions in trust arrangements.
Income Tax Act (Chapter 134): Covers tax implications for trust income and related reporting requirements.
Securities and Futures Act (Chapter 289): Applies when trust involves investment in securities, setting out regulatory requirements for investment activities.
MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore, including Guidelines on Fit and Proper Criteria and various notices applicable to trust business.
