A Trustee of An 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 benefit of beneficiaries, according to terms set out in a trust instrument.

A trustee of an infrastructure trust must hold a license granted by the SEC and be independent from the trust manager.

Regulatory Summary

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Main Duties of a Trustee 

• Ensure that the trust deed is executed in compliance with the laws

• Appoint a trust manager

• Prepare a trust property account in separation from any other accounts under its responsibility

• Ensure that units offered for sale exclusively for high net worth investors are not allocated to retail investors

• Oversee to ensure that the trust is not becoming a private trust

• Perform duties as specified by laws and the trust instrument
  
  
  

Related Rules/Regulations ​

• The Notification of the Securities and Exchange Commission No. KorKhor. 9/2552 Re: Rules on Application for Obtaining Approval and Granting to Perform Trust Business

• The Notification of the Securities and Exchange Commission No. KorRor. 6/2558 Re: Rules for Being Settlor and Trustee of Infrastructure Trust

• The Notification of the Office of the Securities and Exchange Commission No. SorKhor. 22/2553 Re: Prohibited Characteristics of Directors, Executives and Major Shareholders of Trustees

• The Notification of the Securities and Exchange Commission No. KorRor. 5/2558 Re: Work System, Contact with Investors and General Business Operation of Trustees
  
  
  

​​Related Forms ​

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• Application for approval of trustee business

• Complementary document for approval of trustee business​