The Bermuda Trustee Act includes a consolidated version of the Trustee Act 1975, including related statutes and statutory instruments, incorporating all amendments to date, however, in some instances only relevant provisions are provided.
The most recent legislative updates include:
- the repeal and replacement of the Fourth Schedule Fees to the Bermuda Monetary Authority Act 1969 for the Trusts (Regulation of Trust Business) Act 2001 by section 5 of the Bermuda Monetary Authority Amendment (No. 2) Act 2021, operative 1 January 2022
Other prior legislative amendments include:
- amendments made by the Trusts (Special Provisions) Amendment Act 2020 and the Trusts (Special Provisions) Amendment (No. 2) Act 2020, both operative 5 August 2020
- amendments to the Trusts (Regulation of Trust Business) Act 2001 and consequential amendments to the Bermuda Monetary Authority Act 1969 Fourth Schedule (Fees) made by the Trusts (Regulation of Trust Business) Amendment Act 2019, operative 31 December 2019
- amendments to the Trusts (Regulation of Trust Business) Exemption Order 2002 made by the Trusts (Regulation of Trust Business) Exemption Amendment Order 2019 operative 31 December 2019
This compendium is intended for informational purposes only. While every effort has been made to ensure the accuracy of the legislation and related material, and it is believed that the only errors are those contained in the official legislation itself (which errors have been faithfully reproduced), no responsibility is assumed for the content. Reference should be made to the official versions of the legislation for an authoritative statement of the law and any subsequent amendments. Nothing in this compendium is to be considered as creating an attorney-client relationship or indeed any contractual relationship or as rendering legal or professional advice for any specific matter. Readers are responsible for obtaining such advice from their own legal counsel. No client or reader should act or refrain from acting on the basis of any content within this document without first obtaining matter-specific legal and/or professional advice. Conyers accepts no responsibility for any loss or damage, howsoever incurred, which may result from accessing or reliance on this content.
Conyers Dill & Pearman
Revised: January 2022