Supervision and Examination of PFTCs

Regulated PFTC’s are licensed and supervised by state banking regulators.  In exchange, families are given the only non-federal, permanent corporate/LLC charter allowing them to provide trust services and, without registration with the SEC, act as an investment adviser.  The main price they pay is the burden of state regulations and examinations.  This session makes transparent the supervisory regime.

Attendees will learn:

• Mission of state regulation of private trust companies
• The most important criteria for approving  chartering/ licensing applications
• Exam frequency, process and objectives
• Keys to successful regulatory compliance