In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Trust Companies Act 2005 · 2020 Revised Edition · Part 6 · Books, Accounts and Audit
34. Safeguarding of books
Feedback & support(1)
A licensed trust company must take reasonable precautions —
licensed trust company
Defined · s 2
“licensed trust company” means a corporation holding a trust business licence;
(a)
to prevent falsification of the books required to be kept by it under this Act; and
(b)
to facilitate the discovery of any falsification of any such book.
(2)
Any licensed trust company which contravenes subsection (1) shall be guilty of an offence.