Information
You will need to gather the same information as outlined for regulated trusts however there will not be a government regulator.
Unregulated Trust Verification
In our experience, the easiest way to provide the identification and pass the certification requirements is to upload a letter from a solicitor or qualified accountant (on their letterhead) that confirms:
- The full name of the trust
- The full business name (if any) of the trustee
- The full names of the trustee(s) of the trust
- The address of trustee(s) (cannot be a PO Box)
- The full name of the settlor of the trust
- The amount of the settled sum
- The names of the appointer(s)
- The type of the trust
- The country in which the trust was established
- The name’s of the beneficiaries or class of beneficiaries of the trust.
We have created this template that you can download and provide your accountant or solicitor to assist them.
If you cannot do this, then the alternative is to upload a certified original copy, or certified extract, of the trust deed that provides the information as identified above, except for the trustee’s addresses.
This can normally be accomplished by providing the title page and particulars or schedule pages of the trust.
Unregulated Units Trusts Beneficial Owners(s)
The beneficial owner(s) of units trusts are any person who owns or controls more than 25% of the issued units and will need to have their identities verified via the protocols for individuals outlined above.
Unregulated Family Trust Controlling Person(s)
Unregulated family trusts do not have beneficial owners. Rather, it is the appointer(s) of the trust who are deemed to be the controlling person(s) and will need to have their identities verified via the protocols for individuals outlined above.
And Don’t Forget…
Please make sure the date on your certification is less than two years old.