FISA is pleased to publish the second in a series of articles by PH Fiduciary on the proposed Regulation of Trust Bill 2026.
One of the Bill’s most important provisions is Clause 15, which deals with the standard of care, diligence and skill required of trustees. Although trustees have always owed fiduciary duties to trusts and beneficiaries, Clause 15 provides much needed clarity regarding the standard against which trustee conduct will be measured and, in doing so, reinforces the responsibility that accompanies the office of trustee.
The article is written by Elani Volschenk, Head of Trust Office at PH Fiduciary and FPSA®, and Johnny Davis, Director in the Commercial Practice Group and Head of PH Fiduciary.