Singapore legislation
Regulation 6
of Trustees (Transparency and Effective Control) Regulations 2017
Regulation 6
Obligation to obtain information of service suppliers
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 person that is appointed or engaged as a service supplier to the relevant trust, is obtained.
Subregulation 2
The information in paragraph (1) is —
the name of the service supplier;
the registered or business address of the service supplier;
the contact details of the service supplier; and
where the service supplier is an entity, the name of an individual who is authorised to act for the service supplier.
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 service supplier is appointed or engaged, as the case may be;
in the case of a relevant trust created after 20 June 2025 — as soon as reasonably practicable after the service supplier is appointed or engaged, 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 service supplier is appointed or engaged, as the case may be.
Subregulation 4
In this regulation, “service supplier” means an agent of, or a service provider to, the relevant trust (including any investment adviser or manager, accountant or tax adviser).