Section 283 Investments and Securities Act

Section 283 of the Investments and Securities Act 2025 is about Appointment of trustees. It is under Part XVI (Issuance of Securities) of the Act. It provides as follows:

(1) The issuer may appoint a trustee for the purpose of acting on behalf of bond holders of debt securities in registered form with regard to every debt security issued under this Act provided that a trustee appointed under this subsection shall not have any fiduciary relationship with the issuer.

(2) A draft copy of any trust deed made under this Part shall be sent to the
Commission for prior approval.