Trust accounts, designation of (Act s. 68(1))
6D Trust accounts, designation of (Act s. 68(1))
For the purposes of section 68(1) of the Act, a trust account is to be designated in the manner provided for in this regulation.
The designation of a trust account, other than a separate account, is to include —
the description “REBA Trust Account”; and
the name of the holder of the triennial certificate, and any business name of that holder, recorded in the register; and
the letters “TC” followed by the triennial certificate number recorded in the register.
The designation of a separate account is to include —
the description “REBA Trust Account — IB”; and
the name of the holder of the triennial certificate, and any business name of that holder, recorded in the register; and
the words “in trust for” followed by the name of the person who requested the separate account; and
the letters “TC” followed by the triennial certificate number recorded in the register.
[Regulation 6D inserted: Gazette 25 Jun 1996 p. 2918‑19; amended: Gazette 30 Jun 2017 p. 3554.]
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