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Certificate Of Incumbency Trust Template for Singapore

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Key Requirements PROMPT example:

Certificate Of Incumbency Trust

"Need a Certificate of Incumbency Trust to verify our Singapore-based family trust structure for a potential investor, including details of our three corporate trustees and current asset holdings as of January 2025."

Document background
The Certificate of Incumbency Trust is a crucial document in Singapore's trust administration landscape, used to provide formal verification of a trust's current status and structure. It is commonly required for various business transactions, regulatory compliance, and legal proceedings where proof of trust details is necessary. The certificate includes verified information about the trust's establishment, current trustees, and other relevant details, all certified by an authorized officer in accordance with Singapore's trust laws and regulations. This document is particularly important for international transactions where Singapore trusts need to demonstrate their standing to foreign parties.
Suggested Sections

1. Certificate Declaration: Opening statement declaring the purpose of the certificate and identifying the certifying authority

2. Trust Identification: Full legal name of the trust, date of establishment, and registration details if applicable

3. Trust Structure: Details of the type of trust and its governance structure

4. Current Trustees: Names, addresses, and appointment dates of all current trustees

5. Certification Statement: Formal statement certifying the accuracy of the information provided

6. Execution: Date, signature, and seal of the certifying authority

Optional Sections

1. Beneficiary Information: Details of trust beneficiaries (included when specifically requested and permitted by trust deed)

2. Asset Summary: Overview of trust assets and their management (included when relevant to the certificate's purpose)

3. Historical Trustee Information: Details of past trustees and their tenure (included when historical context is required)

4. Trust Powers: Summary of key powers granted under the trust (included when specific powers need to be certified)

Suggested Schedules

1. Schedule A - Trust Deed Extract: Certified extract of relevant portions of the trust deed

2. Schedule B - Trustee Appointment Documents: Certified copies of current trustee appointment documentation

3. Schedule C - Verification Documents: Supporting documentation verifying trust and trustee details

4. Schedule D - Corporate Documents: If trustee is a corporation, relevant corporate registration and authorization documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions

























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Industries

Trustees Act (Chapter 337): Primary legislation governing the appointment, rights, powers, duties, and obligations of trustees in Singapore

Trust Companies Act (Chapter 336): Regulates the licensing and supervision of trust companies in Singapore, including their operational requirements and obligations

Business Trusts Act (Chapter 31A): Governs the establishment, operation, and regulation of business trusts in Singapore

Securities and Futures Act (Chapter 289): Relevant for investment trusts, regulating securities, futures, and investment products

MAS Guidelines: Regulatory guidelines issued by the Monetary Authority of Singapore for trust business operations and compliance

MAS Trust Business Guidelines: Specific guidelines for conducting trust business, including requirements for internal controls and risk management

AML/CFT Requirements: Anti-Money Laundering and Countering the Financing of Terrorism requirements for trust companies and trust operations

Income Tax Act: Legislation governing the taxation aspects of trusts and trust income in Singapore

Personal Data Protection Act 2012: Regulates the collection, use, disclosure, and care of personal data in trust documentation and operations

Evidence Act (Chapter 97): Relevant for verification and authentication of trust documents and certificates of incumbency

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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