PTC and DTC: a new perspective from Switzerland

Abstract This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial i...

Full description

Saved in:
Bibliographic Details
Published in:Trusts & trustees 2023-09, Vol.29 (6), p.609-619
Main Author: Turato, Filippo
Format: Article
Language:English
Subjects:
Analysis
Corporate governance
Deregulation
Economic aspects
Estate planning
Evaluation
Family corporations
Family-owned business enterprises
Intergenerational transmission
Laws, regulations and rules
Licensing, certification and accreditation
Management
Methods
Privacy, Right of
Private companies
Professionalization
Social aspects
Trusts and trustees
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page 619
container_issue 6
container_start_page 609
container_title Trusts & trustees
container_volume 29
creator Turato, Filippo
description Abstract This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial institutions, subject to licensing requirements and placed under the supervision of the Swiss Financial Market Supervisory Authority. This regulation introduced Swiss DTCs as a type of private trust company. DTCs are independent of the family, being held and supervised by a licensed trustee, and allow full flexibility in terms of governance evolving in the concept of a Swiss single-family office.
doi_str_mv 10.1093/tandt/ttad045
format article
fullrecord <record><control><sourceid>gale_cross</sourceid><recordid>TN_cdi_gale_infotracmisc_A776609926</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><galeid>A776609926</galeid><oup_id>10.1093/tandt/ttad045</oup_id><sourcerecordid>A776609926</sourcerecordid><originalsourceid>FETCH-LOGICAL-c184t-e02f8e48a28d5d231c67d5b80b2f5509cd4aeda4ecf9715af79a5321c1e8bf703</originalsourceid><addsrcrecordid>eNqF0DFLAzEUwPEgCpba0T3g4nI2L5dccm7ltCoUFKxzyCUvctD2jiRa9NN72u5O7w2_94Y_IZfAboDV5Tzbnc_znK1nQp6QCSjJCw7ATse9rMoClGbnZJZS1zKhKgFcigmZv6wbOp7Su3VzSy3d4Z4OGNOALnefSEPst_R13-VvjJvRXZCzYDcJZ8c5JW_L-3XzWKyeH56axapwoEUukPGgUWjLtZeel-Aq5WWrWcuDlKx2Xlj0VqALtQJpg6qtLDk4QN0GxcopuTr8fbcbNN0u9Dlat-2SMwulqorVNa9GVRyUi31KEYMZYre18csAM79ZzF8Wc8wy-uuD7z-Gf-gPhnxjng</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype></control><display><type>article</type><title>PTC and DTC: a new perspective from Switzerland</title><source>Oxford University Press:Jisc Collections:OUP Read and Publish 2024-2025 (2024 collection) (Reading list)</source><creator>Turato, Filippo</creator><creatorcontrib>Turato, Filippo</creatorcontrib><description>Abstract This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial institutions, subject to licensing requirements and placed under the supervision of the Swiss Financial Market Supervisory Authority. This regulation introduced Swiss DTCs as a type of private trust company. DTCs are independent of the family, being held and supervised by a licensed trustee, and allow full flexibility in terms of governance evolving in the concept of a Swiss single-family office.</description><identifier>ISSN: 1363-1780</identifier><identifier>EISSN: 1752-2110</identifier><identifier>DOI: 10.1093/tandt/ttad045</identifier><language>eng</language><publisher>Oxford University Press</publisher><subject>Analysis ; Corporate governance ; Deregulation ; Economic aspects ; Estate planning ; Evaluation ; Family corporations ; Family-owned business enterprises ; Intergenerational transmission ; Laws, regulations and rules ; Licensing, certification and accreditation ; Management ; Methods ; Privacy, Right of ; Private companies ; Professionalization ; Social aspects ; Trusts and trustees</subject><ispartof>Trusts &amp; trustees, 2023-09, Vol.29 (6), p.609-619</ispartof><rights>The Author(s) (2023). Published by Oxford University Press. All rights reserved. 2023</rights><rights>COPYRIGHT 2023 Oxford University Press</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>314,780,784,27924,27925</link.rule.ids></links><search><creatorcontrib>Turato, Filippo</creatorcontrib><title>PTC and DTC: a new perspective from Switzerland</title><title>Trusts &amp; trustees</title><description>Abstract This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial institutions, subject to licensing requirements and placed under the supervision of the Swiss Financial Market Supervisory Authority. This regulation introduced Swiss DTCs as a type of private trust company. DTCs are independent of the family, being held and supervised by a licensed trustee, and allow full flexibility in terms of governance evolving in the concept of a Swiss single-family office.</description><subject>Analysis</subject><subject>Corporate governance</subject><subject>Deregulation</subject><subject>Economic aspects</subject><subject>Estate planning</subject><subject>Evaluation</subject><subject>Family corporations</subject><subject>Family-owned business enterprises</subject><subject>Intergenerational transmission</subject><subject>Laws, regulations and rules</subject><subject>Licensing, certification and accreditation</subject><subject>Management</subject><subject>Methods</subject><subject>Privacy, Right of</subject><subject>Private companies</subject><subject>Professionalization</subject><subject>Social aspects</subject><subject>Trusts and trustees</subject><issn>1363-1780</issn><issn>1752-2110</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2023</creationdate><recordtype>article</recordtype><recordid>eNqF0DFLAzEUwPEgCpba0T3g4nI2L5dccm7ltCoUFKxzyCUvctD2jiRa9NN72u5O7w2_94Y_IZfAboDV5Tzbnc_znK1nQp6QCSjJCw7ATse9rMoClGbnZJZS1zKhKgFcigmZv6wbOp7Su3VzSy3d4Z4OGNOALnefSEPst_R13-VvjJvRXZCzYDcJZ8c5JW_L-3XzWKyeH56axapwoEUukPGgUWjLtZeel-Aq5WWrWcuDlKx2Xlj0VqALtQJpg6qtLDk4QN0GxcopuTr8fbcbNN0u9Dlat-2SMwulqorVNa9GVRyUi31KEYMZYre18csAM79ZzF8Wc8wy-uuD7z-Gf-gPhnxjng</recordid><startdate>20230901</startdate><enddate>20230901</enddate><creator>Turato, Filippo</creator><general>Oxford University Press</general><scope>AAYXX</scope><scope>CITATION</scope><scope>ILT</scope></search><sort><creationdate>20230901</creationdate><title>PTC and DTC: a new perspective from Switzerland</title><author>Turato, Filippo</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c184t-e02f8e48a28d5d231c67d5b80b2f5509cd4aeda4ecf9715af79a5321c1e8bf703</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2023</creationdate><topic>Analysis</topic><topic>Corporate governance</topic><topic>Deregulation</topic><topic>Economic aspects</topic><topic>Estate planning</topic><topic>Evaluation</topic><topic>Family corporations</topic><topic>Family-owned business enterprises</topic><topic>Intergenerational transmission</topic><topic>Laws, regulations and rules</topic><topic>Licensing, certification and accreditation</topic><topic>Management</topic><topic>Methods</topic><topic>Privacy, Right of</topic><topic>Private companies</topic><topic>Professionalization</topic><topic>Social aspects</topic><topic>Trusts and trustees</topic><toplevel>online_resources</toplevel><creatorcontrib>Turato, Filippo</creatorcontrib><collection>CrossRef</collection><collection>Gale OneFile: LegalTrac</collection><jtitle>Trusts &amp; trustees</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Turato, Filippo</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>PTC and DTC: a new perspective from Switzerland</atitle><jtitle>Trusts &amp; trustees</jtitle><date>2023-09-01</date><risdate>2023</risdate><volume>29</volume><issue>6</issue><spage>609</spage><epage>619</epage><pages>609-619</pages><issn>1363-1780</issn><eissn>1752-2110</eissn><abstract>Abstract This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial institutions, subject to licensing requirements and placed under the supervision of the Swiss Financial Market Supervisory Authority. This regulation introduced Swiss DTCs as a type of private trust company. DTCs are independent of the family, being held and supervised by a licensed trustee, and allow full flexibility in terms of governance evolving in the concept of a Swiss single-family office.</abstract><pub>Oxford University Press</pub><doi>10.1093/tandt/ttad045</doi><tpages>11</tpages></addata></record>
fulltext fulltext
identifier ISSN: 1363-1780
ispartof Trusts & trustees, 2023-09, Vol.29 (6), p.609-619
issn 1363-1780
1752-2110
language eng
recordid cdi_gale_infotracmisc_A776609926
source Oxford University Press:Jisc Collections:OUP Read and Publish 2024-2025 (2024 collection) (Reading list)
subjects Analysis
Corporate governance
Deregulation
Economic aspects
Estate planning
Evaluation
Family corporations
Family-owned business enterprises
Intergenerational transmission
Laws, regulations and rules
Licensing, certification and accreditation
Management
Methods
Privacy, Right of
Private companies
Professionalization
Social aspects
Trusts and trustees
title PTC and DTC: a new perspective from Switzerland
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-06T16%3A19%3A13IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-gale_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=PTC%20and%20DTC:%20a%20new%20perspective%20from%20Switzerland&rft.jtitle=Trusts%20&%20trustees&rft.au=Turato,%20Filippo&rft.date=2023-09-01&rft.volume=29&rft.issue=6&rft.spage=609&rft.epage=619&rft.pages=609-619&rft.issn=1363-1780&rft.eissn=1752-2110&rft_id=info:doi/10.1093/tandt/ttad045&rft_dat=%3Cgale_cross%3EA776609926%3C/gale_cross%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c184t-e02f8e48a28d5d231c67d5b80b2f5509cd4aeda4ecf9715af79a5321c1e8bf703%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_id=info:pmid/&rft_galeid=A776609926&rft_oup_id=10.1093/tandt/ttad045&rfr_iscdi=true