Singapore legislation
Schedule 1
of Trustees (Transparency and Effective Control) Regulations 2017
Schedule 1
Specified relevant trusts
FIRST SCHEDULERegulations 3(2) and 5(4)(b)Specified relevant trusts
1. A trust in respect of which the trustee is the Public Trustee appointed under section 3 of the Public Trustee Act 1915.[S 249/2023 wef 31/12/2021]2. A trust in respect of which the trustee is —
a trust company that is granted a trust business licence under section 5 of the Trust Companies Act 2005;[S 249/2023 wef 31/12/2021](b)a private trust company that is exempted from the requirement to hold a trust business licence under section 15 of the Trust Companies Act 2005;[S 249/2023 wef 31/12/2021](c)a bank that holds a licence granted under section 7 or 79 of the Banking Act 1970;[S 412/2021 wef 01/07/2021][S 249/2023 wef 31/12/2021](d)a merchant bank that holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act 1970; [S 412/2021 wef 01/07/2021][S 249/2023 wef 31/12/2021][S 409/2025 wef 20/06/2025](e)a holder of a capital markets services licence under the Securities and Futures Act 2001, or any person that is exempted from the requirement to hold a capital markets services licence under paragraph 7(1)(b) of the Second Schedule to the Securities and Futures (Licensing and Conduct of Business) Regulations (Rg 10); or[S 249/2023 wef 31/12/2021][S 409/2025 wef 20/06/2025](f)a Depository within the meaning given by section 81SF of the Securities and Futures Act 2001.[S 409/2025 wef 20/06/2025]3. A trust in respect of which a public company has been approved to act as a trustee under section 289 of the Securities and Futures Act 2001.[S 249/2023 wef 31/12/2021]4. A trust in respect of which the trustee is the Central Provident Fund Board established under the Central Provident Fund Act 1953.[S 249/2023 wef 31/12/2021]