Malta Financial Services Authority publishes consultation document on rules for trustees of family trusts (or PTCs)Authors: Anthony Cremona
Published on February 9, 2015
Tags: family trusts, Private Trust Company, PTC, Trusts, Trusts and Trustees Act
Practices: Trusts & Foundations
One of the most noteworthy amendments to the Trusts and Trustees Act, Chapter 331 of the Laws of Malta (TTA) that was brought about by Act XI of 2014 on 25 April 2014 was the introduction of the ‘Private Trust Company’ (PTC) within the context of the so-called ‘family trusts’.