Document background
The Trustee Declaration Form is a crucial document in Hong Kong's trust administration framework, typically required when a new trustee is appointed to a trust or when existing trustees need to reaffirm their positions. It serves as documentary evidence of the trustee's formal acceptance of their role and their understanding of their responsibilities under Hong Kong law. The form includes detailed declarations regarding the trustee's eligibility, understanding of duties, compliance with regulatory requirements, and commitment to proper trust administration. This document is particularly important in Hong Kong's financial center context, where trusts are frequently used for wealth management, family succession, and corporate structures. The declaration helps protect all parties involved and supports compliance with regulatory requirements, including those under the Trustee Ordinance and Anti-Money Laundering regulations.
