Cap. 331 Art. 58Transitory provisions.

(1) Subject to the provisions of the Trusts and Trustees

(Amendment) Act, 2014, trustees and providers of other fiduciary services in possession of an authorisation before the date of coming into force of the amendments contained in the Act above-mentioned shall take all necessary measures to comply with the provisions of articles 43(4)(i)(e), 43(4)(ii)(e), 43(13)(i)(e), 43(13)(ii)(d) and article 43C within six months from the said date.

(2) Trustees in possession of an authorisation prior to the coming into force of the amendments contained in the Act above-mentioned shall comply with the provisions of articles 43(4)(i)(d), 43(4)(ii)(d) within two years from the said date.

(3) Mandatories in possession of an authorisation prior to the coming into force of the amendments contained in the Act above-mentioned shall comply with the provisions of article 43(13)(i)(d) and article 43(13)(ii)(c), within two years from said date.

Transitory provisions - Act XIII of 2004: