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Trust Service Providers: de minimis exemption 28 October 2005

    The Financial Supervision Commission has issued further guidance in relation to a specific issue which has arisen on the operation of the de minimis exemption for TSPs where services are provided through a professional practice.

    The attached explanatory note has been sent to those who raised the issue with us and, to ensure that all affected parties receive the same information, is published for the benefit of any persons who may be affected by the proposed amendment to the exemption.

    28th October 2005

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