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Trustees must be the applicants for trusts

Trustees must be the applicants for trusts

When applying for a licence on behalf of a trust, the applicant must be a natural person or an organisation, not the trust.

This is because a trust is a relationship, not a legal entity, and cannot be an applicant for a licence or a licensee, if the application is successful.

Click 'Read More' to view scenarios of individuals and corporations acting as trustees and applying for a licence.