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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.

  • Corporate Governance Policy for Trust, Investment Business and Fund Administrators - 9 November 2022
  • Private Trust Company Exemption Notification - 10 October 2022
  • Operational Cyber Risk Management Code of Conduct - 26 September 2022
  • Trusts Information for Prospective Applicants - 23 March 2020
  • Trusts - Statement of Principles - 18 December 2019
  • Trusts - Code of Practice - 18 December 2019
  • AML ATF Sector Specific Guidance Notes for Trust Business on the Prevention and Detection of Money Laundering and the Finan - 1 March 2012
  • Information Bulletin - Fit and Proper Persons - 19 October 2009
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