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Private Trust Company

Means a body corporate the purpose of which is solely to provide trust business services in respect of a specific trust or trusts:

(a) of which a Family Member of a Single Family or a Family Entity related to a Single Family is the settlor; and
(b) the beneficiaries are all:
(i) charities; or
(ii) Family Members, Family Entities, or Family Fiduciary Structures of that Single Family.
[Added][VER7/01-06]
[Amended] DFSA RM60/2008 (as from 2nd September 2008). [VER21/09-08]