The trustee is said to be the custodian for all assets of unit trusts schemes. Which of the following is/are the duty to ensure that the manager follows strictly the provision of the trustee's deed? I. Creation and cancellation of units II. Collecting and distribution of income III. Proper record keeping of interest IV. Upholding unit-holders' interest A. I, II B. III, IV C. I, II, III D. All the above
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This would include overseeing the creation and cancellation of units (I), as this directly relates to the management of the trust's assets. The trustee would also be responsible for overseeing the collection and distribution of income (II), as this is a key part Show more…
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