Singapore legislation
Regulation 5
of Trustees (Transparency and Effective Control) Regulations 2017
Regulation 5
Obligation to obtain, etc., information of effective controllers of relevant parties
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 each effective controller of a relevant party, if any —
is obtained; and
is verified by means of source data, documents or information that is reliable and independently sourced.
Subregulation 2
The information in paragraph (1) is the effective controller’s —
full name, including any aliases;
identity card number, birth certificate number, passport number, or other similar unique identification number issued by a government authority;
residential address;
date and place of birth; and
nationality.
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 or after the effective controller is known to the trustee, as the case may be;
in the case of a relevant trust created after 20 June 2025 — as soon as reasonably practicable after the relevant trust is created or after the effective controller is known to the trustee, as the case may be; 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 or after the effective controller is known to the trustee, as the case may be.
Subregulation 4
A trustee of a relevant trust need not take the steps prescribed in paragraph (1) in respect of any relevant party that is —
another relevant trust to which these Regulations apply;
a relevant trust specified in the First Schedule;
a company or foreign company to which Part 11A of the Companies Act 1967 applies;
a company that is set out in the Fourteenth Schedule to the Companies Act 1967;
a foreign company that is set out in the Fifteenth Schedule to the Companies Act 1967;
a limited liability partnership to which Part 6A of the Limited Liability Partnerships Act 2005 applies; or
a limited liability partnership that is set out in the Sixth Schedule to the Limited Liability Partnerships Act 2005.