Licensed trustees are subject to detailed reporting, notification and prior-approval obligations under Prakas on Trustees’ Obligations (including Prakas No. 067). Significant corporate actions (merger, acquisition, transfer of operations, liquidation, suspension) require prior TR approval. A monthly contribution equal to 0.4 % of trust-operation income is payable quarterly. Separate tax rules for trusts, trustees and beneficiaries are set out in Prakas No. 192 (March 2025): trustees must register as taxpayers within 15 working days of commencing operations or receiving a license, maintain segregated accounting records for each trust, and account for tax on remuneration and certain distributions. We design compliance calendars, prepare regulatory filings, and advise on the tax treatment of trust structures.