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
Notice Register
Main
>
Legal Framework
>
60. Enforcement and defence of claims
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
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
CHAPTER 1 – DUTIES OF TRUSTEES
55. Duty to administer a Trust
56. Duties of Trustees
57. Duties of co-Trustees to act together
58. Impartiality of a Trustee
59. Cost of administration
60. Enforcement and defence of claims
61. Collecting Trust Property
62. Duty to inform and report
CHAPTER 2 – GENERAL 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
59. Cost of administration
61. Collecting Trust Property