Singapore legislation

Regulation 7

Moneys which may be drawn from trust account

There may be drawn from a trust account —

(a)

money properly required for payment in the execution of the particular trust;

(b)

money to be transferred to a client account;

(c)

such money, not being money subject to the particular trust, as may have been paid into the account under rule 4(b); or

(d)

money which has (for any reason) been paid into the account in contravention of rule 6.