Contents of annual report of a business trust


In disclosing the fees or remuneration paid to the trustee-manager in the annual report of a business trust under paragraph 4(a) in Part C, Appendix 9C of the Main LR, the trustee-manager must include the details of the fees paid to it. What are the details that should be disclosed?

The details that should be disclosed include, among others, the breakdown of the fees payable to the trustee-manager such as management fee, trustee fee or performance fee, the rate payable, the frequency of payment and whether such fees are paid in cash or in kind.