Services – Melanesian Trustee Services

Trustee Services

Started December 1, 2015 0

AS A TRUSTEE COMPANY

Strive towards offering the best shelter for hard – earned savings from contributors for income and future financial security. In terms of the services that we provide, we can provide trustee services to super funds, unit trust funds, landowner equity and royalty trust funds, personal wealth management, security and stocks funds or companies.

The operative provisions and policies of the Trustee that support the above goal are presented below;

a) Custodian of the Fund

To act as the custodian of the Fund and safeguard the interest of the unit holders by keeping the funds and assets secured.

b) Exercise Due Diligence

To exercise all due diligence and vigilance in carrying out its functions and duties in accordance with the Trust Deed, Securities Act and other regulatory requirements

c) Compliance with Trust Deed

To ensure that the Manager manages and administers the Fund in accordance with the Trust Deed, the Securities Act and other regulatory requirements.

d) Compliance with Accounting Standards

To ensure proper records are kept of all transactions, dividends, interest and income received and distributed in respect of the Fund.

e) Investment Policies

To ensure that the Manager keeps the Trustee fully informed of the details of the Manager’s policies in investments and any changes thereof.

f) Audit Standards

To ensure the accounts are audited at the end of each accrual period by the auditors and the Manager, on behalf of the Trustee forwards to the unit holders, investors or contributor (at their last known registered address) a copy of the audited annual accounts within six months after the financial year end.

Fund Management

Started December 1, 2015 0

AS A FUND MANAGER

The approach will be to actively manage the fund and seek to meet its objective of producing income while pursuing medium to long-term capital growth. The services that we provide are applicable to super funds, unit trust funds, landowner equity and royalty trust funds, personal wealth management, real property, fixed incomes, security and stocks.

The fund management services of MTLS integrates the its Management Strategies and enhances its management processes with complementary policies as presented.

(a) Investment Guidelines

The manager of a unit trust scheme pools together the collective investments of unit holders and professionally invests the monies within prescribed limits, restrictions and guidelines to meet the objective of the unit trust scheme.

b) Fiduciary Duty to Act in Good Faith

The Manager is under a fiduciary duty to act in good faith and to avoid advancing a conflicting interest and to exercise due care and diligence when managing the monies of a unit holder, investor or contributor and when making any investments for the unit trust scheme, fund or.

c) Compliance with Regulatory Requirements

To ensure that a unit trust scheme is managed within the ambit of the Trust Deed, the Securities Act, and the Superannuation Act, tax laws and other relevant guidelines and laws at all times. It includes any application to the Securities Commission e.g. to increase the size of the unit trust scheme, the renewal of the Prospectus etc.

d) Communication with Unit Holders

→ To keep the unit holders informed of the management and performance of the unit trust scheme through the interim and annual reports.

→ To ensure that the interest of the unit holders is best served and protected at all times.

e) Compliance with Accounting Standards

→ Maintains strict oversight of the compliance practices within each unit trust scheme and also that of the Trustee in order to ensure compliance with the stringent requirements of the Unit Trust Funds.

→ Ensuring that Fund Management Department and its unit trust schemes observe, comply, and practise high standards of regulatory and operational compliance in keeping with the fiduciary duties and responsibilities.

Investment & Trade Advisory

Started December 1, 2015 2

AS AN INVESTMENT AND TRADE SERVICE ADVISOR

MTSL will strive towards providing the best investment and trade advisory services for its clients based on local investment knowledge supported by offshore investment advisory services.

Within Papua New Guinea and the Pacific, investment opportunities exist that can never be known unless you are in touch with people who know the business opportunities of those countries. We have been around and we can assist you with those investment decisions.

The financial services we are providing are aimed at;

(a) In-house Investment Analysis and Management

Providing investment and advisory services through the use of fundamental research where the financial health, industry prospects, management quality and past track records of the companies are considered.

b) International Investment Advice

Through the existence of MTSL’s global network of investment advisors, financial advisory service can be sought to support the our in-house findings and services offered will be a hybrid and one of its kind.