Statute Details
- Title: Trustees (Authorised Unit Trust Scheme) (No. 11) Order 2000
- Act Code: TA1967-S375-2000
- Legislation Type: Subsidiary Legislation (SL)
- Authorising Act: Trustees Act (Cap. 337)
- Key Enabling Provision: Section 83 of the Trustees Act
- Enacting Minister: Minister for Law (made by Permanent Secretary, Ministry of Law, as shown in the Order)
- Date Made: 17 August 2000
- Commencement Date: Not stated in the extract (practitioners should confirm from the official publication record)
- Legislative Citation: SL 375/2000
- Status: Current version as at 27 March 2026
- Core Substantive Provision: Declaration of “Infinity European Stock Index Fund” as an authorised unit trust scheme
What Is This Legislation About?
The Trustees (Authorised Unit Trust Scheme) (No. 11) Order 2000 is a short piece of Singapore subsidiary legislation that performs a single, targeted regulatory function: it formally declares a specific collective investment product—“Infinity European Stock Index Fund”—to be an authorised unit trust scheme for the purposes of the Trustees Act.
In plain language, the Order is essentially a legal “permissioning” instrument. It does not, by itself, create a full regulatory framework for unit trusts (that framework is found in the Trustees Act and related regulations). Instead, it identifies which particular scheme is recognised by the law as meeting the authorisation requirements for the statutory regime.
Because the Order is made under section 83 of the Trustees Act, it sits within a broader system where the Minister (or the Minister’s delegate, as reflected in the making of the Order) can designate particular unit trust schemes as authorised. Once a scheme is declared authorised, it can fall within the scope of statutory permissions and protections that apply to authorised unit trust schemes under the Trustees Act.
What Are the Key Provisions?
Section 1 (Citation) provides the short title of the instrument: the Trustees (Authorised Unit Trust Scheme) (No. 11) Order 2000. For practitioners, this is mainly relevant for accurate legal referencing in filings, correspondence, and compliance documentation.
Section 2 (Authorised unit trust scheme) is the substantive provision. It states that “Infinity European Stock Index Fund” is hereby declared as an authorised unit trust scheme for the purpose of the Act. This declaration is the legal trigger that brings the named scheme within the authorisation category contemplated by the Trustees Act.
From a compliance perspective, the practical effect of section 2 is that the scheme’s status is no longer merely contractual or commercial; it becomes a matter of statutory recognition. This matters for how the scheme is marketed, administered, and supervised under the Trustees Act regime. In many regulatory systems, authorisation status affects what can be offered to investors, what disclosures and governance arrangements are required, and what legal protections or obligations attach to the scheme and its trustee or management.
Enacting formula and making clause: The Order is made “in exercise of the powers conferred by section 83 of the Trustees Act.” It also includes the formal “Made this 17th day of August 2000” clause and the signature block. For lawyers, the enacting formula is important because it confirms the statutory authority for the declaration and helps interpret the scope of the Minister’s power—i.e., that the declaration is a lawful exercise of the specific authorising power under section 83.
How Is This Legislation Structured?
This Order is extremely concise. It contains:
(1) Enacting formula — identifies the enabling power under the Trustees Act (section 83) and indicates that the Minister for Law makes the Order.
(2) Section 1 (Citation) — provides the short title.
(3) Section 2 (Authorised unit trust scheme) — the operative declaration naming the specific fund that is authorised.
There are no additional parts, schedules, definitions, conditions, or procedural provisions in the extract. That is consistent with the function of an “authorisation order”: it typically does not re-state the entire regulatory framework, but instead designates a particular scheme as authorised.
Who Does This Legislation Apply To?
The Order applies to the extent that it designates “Infinity European Stock Index Fund” as an authorised unit trust scheme under the Trustees Act. While the text is directed at the scheme (and, by extension, the parties responsible for it), the legal consequences flow to the trustee, the scheme operator/manager, and any persons who rely on or are regulated by the authorisation status under the Trustees Act.
In practice, the relevant stakeholders include: (i) the trustee(s) administering the unit trust scheme, (ii) the fund manager or scheme operator responsible for the scheme’s operation, and (iii) regulated participants who must ensure that the scheme’s offering and administration comply with the statutory regime applicable to authorised unit trust schemes. Investors are not “directly” regulated by the Order itself, but they benefit from the legal recognition and the regulatory oversight that typically accompanies authorisation under the Trustees Act framework.
Why Is This Legislation Important?
Although the Order is short, it is legally significant because authorisation status can be foundational to a scheme’s ability to operate within the statutory regime. For practitioners, the key point is that the Order provides the formal legal designation required to treat the named fund as an authorised unit trust scheme “for the purpose of the Act.” That phrase matters: it ties the declaration to the specific statutory purposes and consequences set out in the Trustees Act.
From a due diligence and regulatory risk standpoint, counsel should treat this Order as evidence of the scheme’s authorisation at the relevant time. When advising on offering documents, compliance statements, trustee obligations, or regulatory filings, lawyers often need to confirm whether a scheme is authorised and whether the authorisation is current. The metadata indicates the Order is “current version as at 27 March 2026,” but practitioners should still verify whether there have been amendments, revocations, or replacement orders affecting the scheme’s status since 2000.
Finally, the Order illustrates how Singapore’s unit trust authorisation process works in practice: authorisation is not only a matter of internal approvals or commercial readiness; it is implemented through specific legal instruments made under the Trustees Act. For legal teams, this means that regulatory compliance should include monitoring the relevant subsidiary legislation and ensuring that the scheme’s legal status aligns with what is represented to investors and regulators.
Related Legislation
- Trustees Act (Chapter 337) — in particular, section 83 (the enabling provision under which this Order is made)
Source Documents
This article provides an overview of the Trustees (Authorised Unit Trust Scheme) (No. 11) Order 2000 for legal research and educational purposes. It does not constitute legal advice. Readers should consult the official text for authoritative provisions.