Note by Senior Minister of State for Law and Finance, Indranee Rajah S.C., on Trustees (Amendment) Bill
4 Apr 2017 Posted in Legal Industry Newsletters
On 10 March 2017, Parliament passed the Trustees (Amendment) Bill. The Bill introduces amendments to enhance transparency of beneficial ownership and control of express trusts. These amendments aim to deter the abuse of trust structures, so as to strengthen our standing as a highly-respected and trusted international financial hub.
This Note summarises the key amendments in the Trustees (Amendment) Bill.
Note on Trustees (Amendment) Bill(557KB)
Last updated on 06 Jul 2018