In order to comply with our regulatory obligations we need to take reasonable steps to identify the ownership structure of a Trust, this may include the identities of the Beneficiaries, Settlor(s), Protector(s) and Trustee(s) of the Trust. We will also need the Trust Instrument or Trust Deed (depending on Jurisdiction the terminology will change) which established the Trust. Depending on the stipulations within the Trust Instrument (or Deed) will dictate the level of identity verification we will need to undertake.

If the Trust has been established for longer than 1 year we will need a certified copy of the Trust Instrument or a Letter alongside the original Instrument or Deed (by a regulated entity e.g. Solicitor) stating that the original terms of the Trust have not changed, and the Beneficiaries, Settlor(s), Protector(s) and Trustee(s) of the Trust remain the same. If the Trust has been amended since the original Instrument (or Deed) was created then we will need a certified amended copy (issued by a regulated entity e.g. Solicitor) in order to satisfy our regulatory obligations.

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