Contents

Chapter 18
Regulation

Introduction

18.1In the Fifth Issues Paper the Commission considered whether a register of trusts should be introduced to keep an official record of trust relationships.350 The Commission also considered whether there was any need for additional regulation of individuals and companies that provide services to settlors establishing trusts or to trustees administering and managing trusts.351 We concluded in the Preferred Approach Paper that we should not introduce either a system for registration of trusts or regulation of those providing advisory services relating to trusts.352

18.2This chapter briefly confirms those conclusions and reports back on the views of submitters.

350Law Commission Court Jurisdiction, Trading Trusts and Other Issues: Review of the Law of Trusts – Fifth Issues Paper (NZLC IP28, 2011) at ch 9.
351At ch 10.
352See Law Commission Review of the Law of Trusts – Preferred Approach (NZLC IP31, 2012) at P55 and P56.