Page 70 - ar2012

ParkwayLife REIT Annual Report FY2012
68
Report of the Trustee
HSBC Institutional Trust Services (Singapore) Limited (the “Trustee”) is under a duty to take into custody and hold the
assets of Parkway Life Real Estate Investment Trust (the “Trust”) and its subsidiaries (the “Group”) in trust for the holders
(“Unitholders”) of units in the Trust (the “Units”). In accordance with the Securities and Futures Act (Cap. 289) of Singapore,
its subsidiary legislation and the Code on Collective Investment Scheme, the Trustee shall monitor the activities of Parkway
Trust Management Limited (the “Manager”) for compliance with the limitations imposed on the investment and borrowing
powers as set out in the trust deed dated 12 July 2007 (as amended) (the “Trust Deed”), between the Trustee and the
Manager in each annual accounting period and report thereon to Unitholders in an annual report.
To the best knowledge of the Trustee, the Manager has, in all material respects, managed the Trust during the year covered
by these fnancial statements, set out on pages 71 to 130, in accordance with the limitations imposed on the investment and
borrowing powers set out in the Trust Deed.
For and on behalf of the Trustee,
HSBC Institutional Trust Services (Singapore) Limited
Antony Wade Lewis
Director
20 March 2013