CHAPTER IIIU.K.TRUST SERVICES

[F1SECTION 9U.K.Recognition of overseas trust services

Article 45CU.K.Regulations under this Section

1.Before making regulations under Article 45A or 45B, the Secretary of State must consult the supervisory body.

2.Regulations under Article 45A or 45B—

(a)may describe something by (among other things) describing something that meets a condition specified in the regulations or is provided by a person who meets such a condition, and

(b)may include a condition referring to (among other things) the law of the other country or territory or a standard or other document, including the law, standard or other document as amended from time to time.

3.Regulations under Article 45A or 45B may—

(a)make different provision for different purposes, including for the purposes of different provisions of this Regulation, and

(b)include transitional or transitory provision or savings.

4.Regulations under Article 45A or 45B are to be made by statutory instrument.

5.A statutory instrument containing regulations under Article 45A or 45B is subject to annulment in pursuance of either House of Parliament.]

Textual Amendments

F1Ch. 3 Section 9 inserted (19.6.2025 for specified purposes) by Data (Use and Access) Act 2025 (c. 18), ss. 132(2), 142(1)(2)(h)