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Trust Resolution For Authorised Signatory
"I need a Trust Resolution for Authorized Signatory under Qatar law to appoint our new Trust Manager as the sole authorized signatory, with standard banking and document execution powers, effective from March 1, 2025."
1. Parties: Identification of the Trust, Trustees, and the proposed Authorized Signatory
2. Background: Context of the trust arrangement and reason for appointing the authorized signatory
3. Definitions: Key terms used in the resolution including 'Trust', 'Trustee', 'Authorized Signatory', and specific terms related to the scope of authority
4. Date and Meeting Details: Information about when and where the resolution was passed
5. Recitals: Formal statements confirming the trust's existence, trustees' authority, and compliance with trust deed
6. Resolution Statement: The formal decision to appoint the authorized signatory
7. Scope of Authority: Detailed description of powers and limitations granted to the authorized signatory
8. Duration of Authority: Period for which the authorization is valid
9. Compliance Requirements: Obligations of the authorized signatory regarding reporting and compliance
10. Execution: Signature blocks for trustees and acknowledgment by the authorized signatory
1. Revocation of Previous Authorities: Section to revoke any previous signatory authorizations, used when replacing existing signatories
2. Multiple Signatory Requirements: Special provisions for when multiple signatures are required, used in cases of high-value transactions
3. Geographical Limitations: Specific territorial restrictions on the signatory's authority, used for international trusts
4. Emergency Provisions: Special powers granted in emergency situations, used when continuity of operations is critical
5. Digital Authorization: Provisions for electronic signatures and digital platforms, used when digital transactions are contemplated
6. Delegation Powers: Authority to sub-delegate certain powers, used in complex organizational structures
1. Schedule 1: Specimen Signatures: Contains specimen signatures of the authorized signatory and any requirements for signature verification
2. Schedule 2: Detailed Powers: Comprehensive list of specific transactions and actions the signatory is authorized to undertake
3. Schedule 3: Transaction Limits: Monetary and transaction limits applicable to the signatory's authority
4. Schedule 4: Compliance Checklist: List of compliance requirements and reporting obligations
5. Appendix A: Required Documentation: List of documents required to be maintained/submitted by the authorized signatory
6. Appendix B: Communication Protocols: Procedures for reporting and communication between the signatory and trustees
Authors
Financial Services
Real Estate
Investment Management
Banking
Family Office Services
Corporate Services
Wealth Management
Islamic Finance
Asset Management
Professional Services
Legal
Compliance
Corporate Secretariat
Trust Administration
Risk Management
Operations
Finance
Corporate Governance
Executive Office
Administrative Services
Trust Manager
Authorized Signatory
Trustee
Corporate Secretary
Legal Counsel
Compliance Officer
Trust Administrator
Finance Director
Managing Director
Board Member
Risk Manager
Operations Manager
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