Statements of Principles & Code of Practice
In accordance with
sections 6 and 7 of the Act, the Authority has published a Statement of
Principles and Code of Practice.
The Statement of
Principles are relevant to the Authority’s decisions on whether to licence an
undertaking (company, partnership or individual).
- The Statement of
Principles provides guidance on the Authority’s approach:
- in interpreting the minimum licensing criteria as
defined in the First Schedule of the Act, and the grounds for revocation;
- in exercising its power to grant, revoke or
restrict a licence, to intervene in emergency situations; and
- in exercising its powers to obtain information,
reports and to require production of documents.
The Code of Practice
provides guidance as to the duties, requirements, procedures, standards and sound
principles to be observed by persons carrying on trust business. The
Code of Practice should be read in conjunction with the Statement of Principles
issued under section 6 of the Act.
of the Statement of Principles and Code of Practice, as well as additional
forms relating to the Trust framework can be found in Document Centre under Policy & Guidance/Trust.