• Part 1: Part 1: Introduction

    Amended (as from 24th December 2017).

    • Article 1 - Citation

      These Regulations may be cited as the Trust Regulations 2007.

    • Article 2 - Application

      (1) These Regulations are made by the Minister pursuant to Article 9 of the QFC Law and shall apply in the QFC. To the fullest extent permitted by the QFC Law, the laws, rules and regulations of the State concerning the matters dealt with by or under these Regulations shall not apply in the QFC.
      (2) These Regulations apply to Express Trusts and Trusts created pursuant to law or judgment that requires the Trust to be administered in the manner of an Express Trust.

      Amended (as from 24th December 2017).

    • Article 3 - Commencement

      These Regulations shall come into force on the date of their signature by the Minister.

    • Article 4 - Language

      In accordance with Article 9 of the QFC Law, these Regulations are written in the English language and the English text shall be the official original text. Any translation into another language will not be authoritative and in the event of any discrepancy between the English text of these Regulations and any other version, the English text will prevail.

      Amended (as from 24th December 2017).

    • Article 5 - Interpretation

      Words and expressions used in these Regulations and interpretative provisions applying to these Regulations are set out in Part 15.

      Amended (as from 24th December 2017).