) have measure to control and manage risks associated with business operation; (4) have effective measure on internal control with respect to business operation; (5) have operational system promptly for
) have measure to control and manage risks associated with business operation; (4) have effective measure on internal control with respect to business operation; (5) have operational system promptly for
fair shareholding structure; Directors, executives and major shareholders do not have conflict of interests or there are adequate measures to manage conflicts of interest; There is no reason to doubt
% of the total asset of the trust. Investments in real estate abroad is permissible. * the trustee may manage itself or assigns other persons to manage this portion of other assets. Due diligence
Content Business Operator A Settlor of an Infrastructure Trust A settlor (after settling of a trust will manage the trust, thereby called a trust manager) assumes crucial roles starting from
will be capable of regular monitoring the quality of audit work performed by such auditor, which resembles the international supervisory framework. The audit quality control regulatory shall be performed
audit quality control system of the audit firm. As such, the auditing must be carried out under the good quality control system both at firm level and engagement level. In response to the aforesaid, the
found in various jurisdictions raised serious concerns among capital market regulators on the quality of financial statements and more stringent quality control on audit work has been imposed to regain
the company in order for the shareholders to have complete information in making a decision and have control over the executives in risk management, financial management and business strategy. The
Infrastructure Trust Regulatory Summary Related Rules/Regulations Related Forms A trustee is a person acquiring a transfer of right over a property from a trust manager to manage the property for the