GEN 2.23.2

Past version: effective from 28/04/2011 - 13/07/2013
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A Person who is an Ancillary Service Provider 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 ASP 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]