Supplementary Regulatory Impact Statement: A New Trusts Act - Commercial and Financial Trusts [pdf, 957 KB]
...commercial and financial trusts (discussed further below). 6. The RIS finds that for the family trust situations these recommendations are intended to apply to, the status quo best meets the needs of commercial and financial trusts. Additional protections, such as some of those the Law Commission recommends, that would apply only because the contracts also create trust arrangements, are not necessary. 7. Applying the seven classes of the Law Commission’s recommendations to commercial...