Legal &
Regulatory
Licenses, Registrations & Exemptions
| LEGAL ENTITY | JURISDICTION | LICENSE / REGISTRATION | REGULATOR / REGISTRAR | REFERENCE |
| Times Trust Limited | Hong Kong SAR | Trust or Company Service Provider Licence | Companies Registry | TC007573 |
| Times Trust Limited | Hong Kong SAR | Registration under section 78(1) of the Trustee Ordinance (Cap. 29). | Companies Registry | N/A |
| Times Trust Limited | United States | FATCA GIIN | Internal Revenue Service | 0K6CXY.99999.SL.344 |
AML/CTF Compliant
Times Trust Limited is committed global regulatory standards for anti-money laundering/counter-terrorist financing (AML/CTF). We require Times Trust group companies, management, and employees to adhere to these standards to prevent the use of Times Trust ‘s products and services for money laundering/terrorist financing purposes. To ensure compliance of our regulated entities, we subject our AML/CTF policies, procedures and systems to regular independent AML/CTF audits.
Times Trust Limited licensing exemption
asset management activities
Where Times Trust is acting as trustee of a discretionary trust or a pension fund and has appointed a licenced or regulated person to manage the portfolio or in practice acts on professional advice in carrying out its duties as trustee, it would usually not be required to be licensed.
dealing in securities
As a trust company registered under Part 8 of the Trustee Ordinance, Times Trust is not required to be licensed for Type 1 regulated activity (dealing in securities) if it acts as an agent for a collective investment scheme to distribute application forms, redemption notices, conversion notices and contract notes, and/or receive money and issue receipts on behalf of its clients as principal.
investment
advisory activitiesAs a trust company, Times Trust is not required to be licensed for Type 4 (advising on securities), Type 5 (advising on futures contracts), Type 6 (advising on corporate finance) or Type 9 (asset management) regulated activity if it provides such investment advice or services wholly incidental to its discharge of its duty as a trustee.
Law & Regulation
One of the most critical criteria in the selection process of a custodian is the quality of the institution. It’s essential that the institution holding your assets is regulated and in good standing.
- Times Trust is a Hong Kong-based limited liability registered public trust company, established under the Trustee Ordinance (Cap. 29, the laws of Hong Kong) (“Trustee Ordinance”).
- Times Trust is a holder of the Trust or Company Service Provider licence.
- As a trust company, Times Trust has the capacity to act as a custodian under section 81 (1) of the Trustee Ordinance
- As a trust company, Times Trust’s business is regulated:
- by the Trustee Ordinance; and
- by the Anti-Money Laundering and Counter- Terrorist Financing Ordinance (Cap.615) (“AMLO”).
- Furthermore, Times Trust complies with all Know Your Client (“KYC”) and Anti-Money Laundering (“AML”) requirements under the Hong Kong laws, and maintains adequate records identifying each client as well as all assets belonging to the clients.
- Times Trust is a Foreign Financial Institution (“FFI”) under the Foreign Account Tax Compliance Act (“FATCA”). Further, Times Trust is classified as a Financial Institution under the Common Reporting Standard (“CRS”) and subject to the automatic exchange of information (“AEOL”).
Times Trust will not condone tax avoidance practices and evasion of CRS responsibilities, nor illegal or immoral business.
