GEN 2.3.5

(1) A Person does not carry on an activity specified under paragraphs (d), (e), (f), (g), (h), (i), (j), (k), (p), (t), (u), (v) and (y) of GEN Rule 2.2.2 by way of business if:
(a) that Person is the holder of a licence under the SFO Regulations to establish a Single Family Office in the DIFC; and
(b) the activity is carried on exclusively for the purposes of, and only in so far as it is, carrying out its duties as a Single Family Office.
(2) A Private Trust Company or Family Fiduciary Structure does not carry on an activity specified under paragraph (t) of GEN Rule 2.2.2 by way of business if it:
(a) carries on that activity exclusively for the purposes of, and only in so far as it is, providing services to a Single Family; and
(b) does not solicit trust business from, or provide trust services to, any Person outside the structure of the Single Family Office and outside the Single Family.
[Added][VER7/01-06]
[Amended] DFSA RM60/2008 (as from 2nd September 2008). [VER21/09-08]
[Amended] DFSA RM119/2013 (Made 14th July 2013). [VER33/07-13]
[Amended] DFSA RM184/2016 (Made 7th December 2016). [VER38/02-17]