Entire Section

  • GEN 2.23.2 GEN 2.23.2

    A Person meeting part (1) (d) or (e) of the definition of a DNFBP does not provide Trust Services where it only:

    (a) arranges for a Person to 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 DNFBP is not holding itself out as Providing Trust Services.
    [Added][VER7/01-06]
    [Amended] DFSA RM60/2008 (as from 2nd September 2008). [VER21/09-08]
    Amended in accordance with Notice of Amendments to Legislation April 2011 [VER27/02-11]
    [Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]

    • GEN 2.23.2 Guidance

      Acting as trustee, protector or enforcer or Providing Trust Administration Services are 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]