Singapore legislation
Regulation 7
of Trust Companies (Transitional and Savings Provisions) Regulations
Regulation 7
Pending applications for registration
Subregulation 1
Where an application made under the repealed Act for the registration of a trust company was pending approval immediately before 1st February 2006, that application —
(a)
shall be deemed to be an application for the grant of a trust business licence under the Act; and
(b)
shall be subject to the provisions of the Act, including the requirement to pay the appropriate application fee as prescribed in the Trust Companies Regulations (Rg 4).
Subregulation 2
The applicant shall furnish to the Monetary Authority of Singapore such additional information as that Authority may, by notice in writing, require.