GEN 2.23.2 GEN 2.23.2
Personmeeting part (1) (d) or (e) of the definition of a DNFBPdoes not provide Trust Services where it only:(a) arranges for a Personto act as trustee in respect of an express trust; or(b) provides services with respect to the creation of an express trust; provided that:(i) the provision of such services is solely incidental to the practice of law or accounting as the case may be; and(ii) the DNFBPis not holding itself out as Providing Trust Services.
GEN 2.23.2 Guidance
Acting as trustee, protector or enforcer or
Providing Trust Administration Servicesare not activities incidental to the practice of law or accounting and require a Licence.[Added][VER7/01/06]
Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]