Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations

15 (1) A trust company shall also keep the following records in respect of a trust for which it is trustee:

• (a) a copy of the trust deed;

• (b) a record of the settlor’s name and address and

  • (i) if the settlor is a person, their date of birth and the nature of their principal business or their occupation, and

  • (ii) if the settlor is an entity, the nature of its principal business; and

• (c) if the trust is an institutional trust and the settlor is a corporation, a copy of the part of the official corporate records that contains any provision relating to the power to bind the corporation in respect of the trust.

(2) In this section, institutional trust means a trust that is established by a corporation or other entity for a particular business purpose and includes a pension plan trust, a pension master trust, a supplemental pension plan trust, a mutual fund trust, a pooled fund trust, a registered retirement savings plan trust, a registered retirement income fund trust, a registered education savings plan trust, a group registered retirement savings plan trust, a deferred profit sharing plan trust, an employee profit sharing plan trust, a retirement compensation arrangement trust, an employee savings plan trust, a health and welfare trust, an unemployment benefit plan trust, a foreign insurance company trust, a foreign reinsurance trust, a reinsurance trust, a real estate investment trust, an environmental trust and a trust established in respect of an endowment, a foundation or a registered charity.