A Trustee of An Infrastructure Trust
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.
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