Conyers Dill & Pearman


Codan Trust Company Limited is a licensed Trust Company regulated by the Bermuda Monetary Authority ("BMA") under the Trusts (Regulation of Trust Business) Act 2001 ("the 2001 Act"). As a licensed entity, it complies with the high standard of care required under the regulatory legislation. The staff at Codan Trust are well equipped with the skill and experience required to conduct trust business in accordance with the Know-Your-Customer rules and Anti-Money Laundering procedures.

Under the 2001 Act, the BMA has also published a Statement of Principles and a Code of Practice. These have been introduced to ensure that trustees meet international standards. The Statement of Principles sets out the criteria that will be taken into account by the BMA when deciding to grant, restrict or revoke a licence; the Code of Practice deals specifically with the proper administration of the trust such as the use of powers of investment, accounting procedures and the duty of confidentiality incumbent upon trust officers which may only be broken if required by law. As a licensed undertaking, Codan Trust must follow the Code of Practice and provide the BMA annually with a Certificate of Compliance.

Although the BMA has powers to investigate licensed trustees and request documents to ensure that trust business is being adequately administered, details relating to settlors and beneficiaries of trusts may not be disclosed and are protected by statute. Codan Trust conducts its business discreetly and professionally and fully respects the need for strict confidentiality of its clients' affairs.

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Contact Details

Codan Trust Company Limited

Richmond House
12 Par-la-ville Road
PO Box HM 666,
Hamilton HM CX,

Telephone: +1 (441) 295 1422
Facsimile: +1 (441) 292 4720


Codan Trustees (B.V.I.) Ltd.

PO Box 3140, Commerce House,
Wickhams Cay 1,
Road Town,

Telephone: +1 (284) 852 1010
Facsimile: +1 (284) 852 1011


Codan Trust Company (Cayman) Limited

Cricket Square,
Hutchins Drive,
PO Box 2681,
Grand Cayman KY1-111

Telephone: +1 (345) 949 1040
Facsimile: +1 (345) 949 1048