Singapore legislation

Clause 7

of Business Trusts Bill

Clause 7

Secretary

(1)

The trustee-manager of a registered business trust shall ensure that its secretary is a person who —

(a)

for at least 3 years in the period of 5 years immediately preceding his appointment as secretary, held the office of secretary of a company or trustee-manager of a registered business trust;

(b)

is a qualified person under the Legal Profession Act (Cap. 161), a public accountant, a member of the Singapore Association of the Institute of Chartered Secretaries and Administrators or a member of such other professional association as may be prescribed; or

(c)

is, by virtue of such academic or professional qualifications as may be prescribed, capable of discharging the functions of secretary of the trustee-manager.

(2)

Any trustee-manager of a registered business trust which contravenes subsection (1) shall be guilty of an offence.