About
About
What we do
Our Jurisdiction
Management
International Cooperation
Our Mission
Our Structure
Risk Management Framework
Firms
Firms
Authorisation
Enforcement
Supervision
Consumers
Consumers
Complaints
Know your rights
Scams
Investment Guide
Fintech
FinTech
FinTech Lab
Fintech Hub
Global Financial Innovation Network (GFIN)
Registration
Registration
Consider before opening business
Post-registration
Types of participants
Legal Framework
Public Register
Main
>
Legal Framework
>
26. Savings in respect of applications made under sections 21 to 24
Login
LEGAL ENTITIES LEGISLATION
REGULATIONS
COMPANIES REGULATIONS
GENERAL PARTNERSHIP REGULATIONS
LIMITED PARTNERSHIP REGULATIONS
LIMITED LIABILITY PARTNERSHIP REGULATIONS
NON-PROFIT INCORPORATED ORGANIZATIONS REGULATIONS
FOUNDATIONS REGULATIONS
TRUST REGULATIONS
PART 1: GENERAL
PART 2: CHOICE OF GOVERNING LAW; PLACE OF ADMINISTRATION
PART 3: JUDICIAL AND NON-JUDICIAL PROCEEDINGS
15. Role of the Court in administration of Trust
16. Jurisdiction of the Court
17. Application to and certain powers of the Court
18. Payment of costs
19. Sections 20 to 25: Interpretation
20. Application of powers under sections 21 to 25
21. Power to set aside a transfer or disposition of Property to a Trust due to mistake
22. Power to set aside a transfer or disposition of Property to a Trust exercised by fiduciary power
23. Power to set aside the exercise of powers in relation to a Trust or Trust Property due to mistake
24. Power to set aside the exercise of fiduciary powers in relation to a Trust or Trust Property
25. Applications and orders under sections 21 to 24
26. Savings in respect of applications made under sections 21 to 24
27. Sections 28, 29 and Schedule 1: Interpretation
28. Arbitration of Trust disputes
29. Powers of the arbitral tribunal
PART 4: CREATION, VALIDITY AND MODIFICATION OF AN AIFC TRUST
PART 5: THE BENEFICIARIES OF AN AIFC TRUST
PART 6: PROTECTIVE TRUSTS AND CREDITORS’ CLAIMS
PART 7: OFFICE OF TRUSTEE
PART 8: DUTIES AND POWERS OF TRUSTEES
PART 9: LIABILITY OF TRUSTEES AND RIGHTS OF PERSONS DEALING WITH A TRUSTEE
PART 10: AGENTS, NOMINEES AND CUSTODIANS
PART 11: RESERVED AND RESTRICTED POWERS, EXPRESSIONS OF WISHES, AND INCAPACITATION
PART 12: PROVISIONS APPLICABLE TO A FOREIGN TRUST
INTERPRETATION
SCHEDULE 1
INSOLVENCY REGULATIONS
NETTING REGULATIONS
PAYMENT SYSTEM SETTLEMENT FINALITY REGULATIONS
COMMON REPORTING STANDARD REGULATIONS
PERSONAL PROPERTY REGULATIONS
RULES
WAIVERS AND MODIFICATIONS
OTHER
FINANCIAL SERVICES LEGISLATION
POLICIES AND POLICY STATEMENTS
NOTICES
GUIDANCE
TEMPLATE
CONSULTATION PAPERS
ARCHIVE
Entire section
PDF
Print
Versions
25. Applications and orders under sections 21 to 24
27. Sections 28, 29 and Schedule 1: Interpretation