securities underwriter is trust manager, trustee, person to be appointed as trustee or offeror who is unit trust owner.” Clause 3. This Notification shall come into force as from 1 January 2013. Notified this
; (4) being able to demonstrate that [i] a director, a manager or an authorized management person, responsible for undertaking trust business, of the applicant or [ii] major shareholder have
following the date of its publication in the Government Gazette. SECTION 3 In this Act: “trust” means legal relationship arising from a trust instrument. “trust instrument” means a contract whereby a person
trust instrument “trust instrument” means a contract whereby a person, called a settlor, transfers or creates real right or any right appertaining to property to or for another person, called a trustee
trustee shall appoint the settlor as the trust manager”. (b) “this trust is not a juristic person but a pool of assets registered under the name of the trustee and subject to the management thereof; (c
” means a trust certificate representing the rights of its holder as the beneficiary of the trust; “trust” means an infrastructure trust; “high net worth investor” means a person who meets one of the
may be; “auditor” means a certified public accountant who has obtained an approval from the SEC Office; “trust manager” means a person performing the duty of a trust manager pursuant to trust instrument
transfers or will transfer an asset to or places or will place an asset with a special juristic person for the purpose of securitization. “trust” means trust in accordance with law governing trust for
the Trustee to manage the Real Estate Investment Trust [REIT] as specified in trust instrument shall be a person approved by the Office of the Securities and Exchange Commission. For the purpose of
a special juristic person for the purpose of securitization. “trust” means trust in accordance with law governing trust for transaction in the capital market. “project” means a securitization project