Singapore legislation
Regulation 3A
of Trustees (Transparency and Effective Control) Regulations 2017
Regulation 3A
Obligation to obtain, etc., information relating to administration of trust
Subregulation 1
A trustee of a relevant trust must, within the time specified in paragraph (3), take reasonable steps to ensure that the information mentioned in paragraph (2) of the relevant trust —
is obtained; and
is verified by means of source data, documents or information that is reliable and independently sourced.
Subregulation 2
The information mentioned in paragraph (1) is —
the full name of the relevant trust, if any;
the date the relevant trust was set up;
the tax reference number of the relevant trust (if any) and the country to which the tax reference number relates (if applicable);
the place where the relevant trust is administered;
the governing law of the relevant trust;
if the relevant trust is a charitable trust — the charitable purpose of the relevant trust; and
if the relevant trust is not a charitable trust — the purpose for which the relevant trust was set up.
Subregulation 3
The steps mentioned in paragraph (1) must be taken —
in the case of a trust that is a relevant trust on 20 June 2025 — as soon as reasonably practicable on or after that date;
in the case of a relevant trust created after 20 June 2025 — as soon as reasonably practicable after the relevant trust is created; and
in the case of a trust that is not a relevant trust on 20 June 2025 but which becomes a relevant trust after that date — as soon as reasonably practicable after the trust becomes a relevant trust.