Trust Companies Act 2005 · 2020 Revised Edition · Part 3A · Control Over Licensed Trust Company
21G. Remuneration and expenses of Authority and others in certain cases
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The Authority may at any time fix the remuneration and expenses to be paid by a licensed trust company —
to a statutory manager or statutory adviser appointed in relation to the licensed trust company, whether or not the appointment has been revoked; and
where the Authority has assumed control of the relevant business of the licensed trust company, to the Authority and any person appointed by the Authority under section 73 in relation to the Authority’s assumption of control of the relevant business, whether or not the Authority has ceased to be in control of the relevant business.
The licensed trust company must reimburse the Authority any remuneration and expenses payable by the licensed trust company to a statutory manager or statutory adviser.
licensed trust company
“licensed trust company” means a corporation holding a trust business licence;