Paragraph 13 Residence of trustees: domicile of settlor no longer relevant

In the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692), regulation 42 (application of Part 5) is amended as follows.

In paragraph (2)(d)(ii), omit “and domiciled”.

After paragraph (2) insert—

“(2A)

In relation to a trust that was set up before 6 April 2025, paragraph (2)(d)(ii) has effect as if after “resident” there were inserted “and domiciled”.”