Specialised Trust Facilities - Managed Trust Companies

A Managed Trust Company is able to offer Trust services to the public using the staff, premises and other facilities of a full-presence licensed Trust Company in Bermuda.

Under the Trust Companies Act, 1991, such Managed Trust Company is able to seek a Trust Licence which can be obtained through the Bermuda Monetary Authority from the Minister of Finance. A local Trust Company or an exempted Trust Company will act as Manager.

Minimum Criteria for a Managed Licence

The applicant trust company must be able to show that it meets the minimum criteria for all trust company licences:

(a) the company's objects and powers encompass the carrying on of trust business and all other activities necessary for, or incidental to, the carrying on of trust business;