Trusts (Amendment No. 7) (Jersey) Law 20[●] What's Included

 The Trusts Working Party discussed several areas consulted upon for Amendment No. 7 to the Trusts (Jersey) Law 1984 (as amended). This briefing will focus on those areas anticipated to be included in Amendment No. 7. A separate briefing will highlight those areas which were also considered, but which will not be progressed at this time. These will be subject to further consultation or will be enacted pursuant to other legislation.

RIGHTS OF BENEFICIARIES TO INFORMATION - ARTICLE 29

Article 29 will be reworded to remove the double negative language and to clarify that a trust instrument can restrict the provision of information to beneficiaries. However, such restrictions will not be completely prohibitive (i.e. it will be invalid to remove the ability to see the accounts) and any restriction must be considered against the principles of accountability to beneficiaries. There is no intention to specify the principles of disclosure or what must be disclosed.