Trustees (Transparency and Effective Control) Regulations 2017

is obtained; and

is verified by means of source data, documents or information that is reliable and independently sourced.

the full name of the relevant trust, if any;

the date the relevant trust was set up;

the tax reference number of the relevant trust (if any) and the country to which the tax reference number relates (if applicable);

the place where the relevant trust is administered;

the governing law of the relevant trust;

if the relevant trust is a charitable trust — the charitable purpose of the relevant trust; and

if the relevant trust is not a charitable trust — the purpose for which the relevant trust was set up.

in the case of a trust that is a relevant trust on 20 June 2025 — as soon as reasonably practicable on or after that date;

in the case of a relevant trust created after 20 June 2025 — as soon as reasonably practicable after the relevant trust is created; and

in the case of a trust that is not a relevant trust on 20 June 2025 but which becomes a relevant trust after that date — as soon as reasonably practicable after the trust becomes a relevant trust.

is obtained; and

is verified by means of source data, documents or information that is reliable and independently sourced.

where the relevant party is an individual, his or her —

full name, including any aliases;

identity card number, birth certificate number, passport number, or other similar unique identification number issued by a government authority;

residential address;

date and place of birth; and

nationality; (b)where the relevant party is an entity —

its full name;

its incorporation number or business registration number;

its registered or business address;

its principal place of business (if different from its registered or business address mentioned in sub‑paragraph (iii));

its date of constitution, incorporation or registration;

its place of incorporation or registration; and

the following information about every connected individual of the entity:

his or her full name, including any aliases;

his or her identity card number, birth certificate number, passport number, or other similar unique identification number issued by a government authority;

his or her role in relation to the entity;

where the relevant party is a class of possible beneficiaries under the trust — a description of the class of possible beneficiaries under the trust; and

the role of the relevant party in relation to the trust.

in the case of a trust that is a relevant trust on 20 June 2025 — as soon as reasonably practicable on or after that date or after the relevant party is known to the trustee, as the case may be;

in the case of a relevant trust created after 20 June 2025 — as soon as reasonably practicable after the relevant trust is created or after the relevant party is known to the trustee, as the case may be; and

in the case of a trust that is not a relevant trust on 20 June 2025 but which becomes a relevant trust after that date — as soon as reasonably practicable after the trust becomes a relevant trust or after the relevant party is known to the trustee, as the case may be.

who is mentioned in paragraph (f) of the definition of “relevant trust party” in section 83(1) of the Act; and

whom the trustee reasonably believes does not know of the existence of the relevant trust,that the relevant trust exists.

in relation to an entity that is a partnership, means any partner or manager;

in relation to a trust or other similar arrangement, means any relevant party of the trust or other similar arrangement; and

in relation to any other entity, means any director, or any individual having executive authority, in the entity.

is obtained; and

is verified by means of source data, documents or information that is reliable and independently sourced.

full name, including any aliases;

identity card number, birth certificate number, passport number, or other similar unique identification number issued by a government authority;

residential address;

date and place of birth; and

nationality.

in the case of a trust that is a relevant trust on 20 June 2025 — as soon as reasonably practicable on or after that date or after the effective controller is known to the trustee, as the case may be;

in the case of a relevant trust created after 20 June 2025 — as soon as reasonably practicable after the relevant trust is created or after the effective controller is known to the trustee, as the case may be; and

in the case of a trust that is not a relevant trust on 20 June 2025 but which becomes a relevant trust after that date — as soon as reasonably practicable after the trust becomes a relevant trust or after the effective controller is known to the trustee, as the case may be.

another relevant trust to which these Regulations apply;

a relevant trust specified in the First Schedule;

a company or foreign company to which Part 11A of the Companies Act 1967 applies;

a company that is set out in the Fourteenth Schedule to the Companies Act 1967;

a foreign company that is set out in the Fifteenth Schedule to the Companies Act 1967;

a limited liability partnership to which Part 6A of the Limited Liability Partnerships Act 2005 applies; or

a limited liability partnership that is set out in the Sixth Schedule to the Limited Liability Partnerships Act 2005.

the name of the service supplier;

the registered or business address of the service supplier;

the contact details of the service supplier; and

where the service supplier is an entity, the name of an individual who is authorised to act for the service supplier.

in the case of a trust that is a relevant trust on 20 June 2025 — as soon as reasonably practicable on or after that date or after the service supplier is appointed or engaged, as the case may be;

in the case of a relevant trust created after 20 June 2025 — as soon as reasonably practicable after the service supplier is appointed or engaged, as the case may be; and

in the case of a trust that is not a relevant trust on 20 June 2025 but which becomes a relevant trust after that date — as soon as reasonably practicable after the trust becomes a relevant trust or after the service supplier is appointed or engaged, as the case may be.

kept and maintained in an easily accessible form;

updated in a timely manner; and

retained for a period of at least 5 years after the trustee ceases to be a trustee of the relevant trust.

in the case of a trust that is a relevant trust on 20 June 2025 —

correctly explain all the transactions entered into by the relevant trust on or after that date;

enable the financial position of the relevant trust on or after that date to be determined with reasonable accuracy; and

enable financial statements of the relevant trust in respect of any period on or after that date to be prepared;

in the case of a relevant trust created after 20 June 2025 —

correctly explain all the transactions entered into by the relevant trust on or after it is created;

enable the financial position of the relevant trust on or after it is created to be determined with reasonable accuracy; and

enable financial statements of the relevant trust in respect of any period on or after it is created to be prepared; and

in the case of a trust that is not a relevant trust on 20 June 2025 but which becomes a relevant trust after that date —

correctly explain all the transactions entered into by the relevant trust after it becomes a relevant trust;

enable the financial position of the relevant trust after it becomes a relevant trust to be determined with reasonable accuracy; and

enable financial statements of the relevant trust in respect of any period after it becomes a relevant trust to be prepared.

details of all sums of money received and expended by the relevant trust, and the matters in respect of which the receipt and expenditure takes place;

details of all sales, purchases and other transactions by the relevant trust;

details of the assets and liabilities of the relevant trust; and

in respect of the details mentioned in sub‑paragraphs (a), (b) and (c) —

underlying documents (including but not limited to invoices and contracts); and

such notes as may be necessary to give a reasonable understanding of the details.