The Law of Trust originated in the United Kingdom, first developed by the Courts of Chancery in the 12th century. From then, a body of precedents has been established. Other than the statutory duty of care imposed by the ordinance, UTGL is also subject to the common law duty of care from the body of precedent aforementioned. UTGL matches not only the local statutory standard but also the ever-changing common law standard.
UTGL placed a substantial deposit in the Government’s Department of Accounting Services as part of our Trustee License requirement under Part 8 Section 77(2) of the Ordinance.
UTGL strictly follows legislations and guidelines below:
Legislations
Cap. 29 — Trustee Ordinance
Cap. 76 — Recognition of Trusts Ordinance
Cap. 257 — Perpetuities and Accumulations Ordinance
Cap. 486 — Personal Data (Privacy) Ordinance
Cap. 622 — Companies Ordinance, Laws of Hong Kong
Guidelines
Others
Inland Revenue Department — Reportable Jurisdictions