Recently there has been a succession of initiatives aimed at increasing the transparency of asset-holding structures. The rate at which these proposals have been announced, together with the administrative burdens they impose, may have left some with a sense of ‘information overload’. However, as the penalties for failing to comply with the new obligations can be severe, it is vital that adequate consideration is given to them. An important example of this is the position of trustees in relation to the new PSC register regime which this note considers.
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