Examples of Trust Services in a sentence
The procedure is described in the document "Certification Practice Statement for Qualified Trust Services".
The manager and the trustee of the Sub-Fund are CSOP Asset Management Limited (the “Manager”) and HSBC Institutional Trust Services (Asia) Limited (the “Trustee”) respectively.
Licensor shall maintain a hosting environment that undergoes examinations from an independent auditor in accordance with the American Institute of Certified Public Accounts SSAE 16 (i.e. SOC 1) and the AICPA Trust Services Principles Section 100a, Trust Services for Security, Availability, Processing Integrity, Confidentiality and Privacy (i.e. SOC 2).
The SOC audit report must be a type 2 report that includes management’s description of Contractor’s system and the suitability of the design controls set forth in AICPA Trust Services Criteria Section 100 (2017).
If and when the Fund should invest overseas, HSBC Institutional Trust Services (Asia) Limited will be appointed as the custodian of the foreign assets of the Fund.