Trustee Ordinance

(1)
While a nominee or custodian continues to act for a trust, the trustees of the trust
must—
(a)
keep under review the arrangements under which the nominee or custodian acts and the way in which those arrangements are being put into effect;
(b)
if circumstances make it appropriate to do so, consider whether there is a need to exercise any power of intervention that the trustees have; and
(c)
if the trustees consider that there is a need to do so, exercise the power of intervention.
(2)
The trustees must carry out the review as frequently as the circumstances of the trust may require having regard to the nature of the functions required to be exercised by the nominee or custodian.
(3)
For the purposes of subsection (1
)—
power of intervention
(
干預權力
)
includes—
(a)
a power to give directions to the nominee or custodian; and
(b)
a power to revoke the appointment of the nominee or custodian.