Trustee Supervisory Model
[ Last Updated 19 June 2007 ]
A person/entity who acts as a trustee for any class or classes of securities issued to the public must have a licence approved by the Securities Commission.
The Trustee Supervisory Model retains trustees as "frontline" supervisors of debt securities and collective investment schemes, but with a new regulatory function for the Securities Commission, who will approve trustees and monitor them on an ongoing basis.
Note:
- Collective investment schemes include participatory securities, unit trusts and superannuation schemes.
- Debt securities include non-bank deposit takers.
Cabinet Papers
Trustee Supervisory Model
Frequently Asked Questions
Trustee Supervisory Model Q&A
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