CHAPTER III

TRUST SERVICES
SECTION 9

Recognition of overseas trust services

Regulations under this Section
Article 45C
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.
Ch. 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)