default taker
as defined in Directive (EU) 2024/1640 of the European Parliament and of the Council of 31…, Article 2(1), point (31)
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(31) |
‘default taker’ means the natural or legal persons or class of natural or legal persons who are the beneficiaries of a discretionary trust should the trustees fail to exercise their discretion; |
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Also defined in
- Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of… 32024R1624, Article 2(1), point (31)
the natural or legal persons or class of natural or legal persons who are the beneficiaries of a discretionary trust should the trustees fail to exercise their discretion