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Trust And Company Service Providers (Best Practices) Regulations

Cap. 272s07 · Revised Edition 2020 · 36 sections

• s. 1Short title
• s. 2Interpretation
• s. 3Cooperation with Central Bank and the Commission
• s. 4Cooperation for prevention of money laundering and other offences
• s. 5Immobilisation of bearer shares
• s. 6Transfer of bearer shares
• s. 7Registered agent to retain share certificate
• s. 7A—
• s. 8Duty of professional intermediary customer
• s. 9Duty of registered agents with respect to professional intermediary customers
• s. 10Procedures for client verification
• s. 11Payment on account in a financial institution in Belize
• s. 12Individual clients
• s. 13Corporate clients
• s. 14Partnerships/unincorporated businesses
• s. 15Clients acting on behalf of a third party or as a trustee
• s. 16Procedures specific to trustees
• s. 17Internet and cyber business
• s. 18Provision of safe custody and safety deposit boxes
• s. 19Reporting of suspicious transactions
• s. 20Recognition and reporting of suspicious transactions
• s. 21Withholding of services
• s. 22Avoidance of illegal acts
• s. 23Duty to supply information to the Director General
• s. 24Confidentiality
• s. 25Staff training, supervision, education, etc
• s. 26New employees
• s. 27Record keeping
• s. 28Fit and proper standard
• s. 29General obligations of IFS Practitioners
• s. 30Duties of IFS Practitioners giving investment advice
• s. 31Transfer of clients between registered agents
• s. 32Advertising
• s. 33Breach and penalties
• s. 34Liability of IFS Practitioners for other offences
• s. 35Commencement