Feedback statement on the new Fiduciary Rules, 2021 Consultation Paper

The Commission has today published the feedback to its Consultation Paper on the new Fiduciary Rules, 2021.

In June 2021, the Commission published a Consultation Paper making proposals for the necessary revision of the Fiduciary Rules, 2020 in readiness for the coming into force of the revised Fiduciaries Law on 1 November 2021. The key revision proposed related to the re-categorisation of fiduciary licensees. The Commission has now published the feedback to the Consultation Paper which can be found on the Consultation Hub here.

A notice has been sent to all full fiduciary licensees explaining the re-categorisation process. Copies of the notice and a draft version of the final revised Fiduciary Rules, are available at the hyperlinks below:

Draft Fiduciary Rules: link here.  

Notice to licensees: link here.  

Formal publication of the final revised Fiduciary Rules is intended to take place on the 6 October in accordance with the Commission’s news release of 13 September 2021.