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ARTICLE · 21 NOVEMBER 2016

New Regulations On Protected Disability Trusts

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In virtue of the powers conferred by Article 57 (1) of the Trusts and Trustees Act, Chapter 331 of the Laws of Malta, the Minister of Finance...

MaltaWealth Management
Dr. Joseph Borg Bartolo
Dr. Joseph Borg Bartolo
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In virtue of the powers conferred by Article 57 (1) of the Trusts and Trustees Act, Chapter 331 of the Laws of Malta (hereinafter referred to as 'the Act'), the Minister of Finance, acting on the advice of the Malta Financial Services Authority (hereinafter referred to as 'the MFSA'), has recently promulgated the Trusts and Trustees Act (Protected Disability Trusts) Regulations (hereinafter referred to as 'the Regulations').

The Regulations were promulgated in virtue of Legal Notice 324 of 2016 and published on the Government Gazette on the 7th of October 2016.

Purpose

The purpose of the Regulations is to regulate the establishment and administration of Trusts formed for the benefit of Beneficiaries at least one of whom is a person with disability, where:

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