{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2024-06-19","gaps":[],"covered":["AMLR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/amlr/articles/60","url":"https://www.headlesslaw.com/amlr/articles/60","title":"Article 60 — Identification of objects of a power and default takers in discretionary trusts","family":"l1_generated","work_id":"amlr","status":"not_yet_applicable","force_status":"in_force","date_state":"not_yet_applicable","requested_date":null,"as_of":"2026-11-02","applies_from":"2027-07-10","application":{"state":"not_yet_applicable","next":"2027-07-10","dates":[{"at":"2027-07-10","note":"Article 90"}]},"version_label":"Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng","valid_from":"2024-06-19","valid_until":"2027-07-10","revision":1,"content_id":"219f13d799750b3f","change_date":null,"nearest_versions":["2024-06-19"],"first_text_date":"2024-05-31","correction_applies":false,"versions":["2024-06-19"],"version_url":"https://www.headlesslaw.com/amlr/articles/60/versions/2024-06-19","revision_url":"https://www.headlesslaw.com/amlr/articles/60/versions/2024-06-19/rev/219f13d799750b3f","versions_url":"https://www.headlesslaw.com/amlr/articles/60/versions","relations_url":"https://www.headlesslaw.com/amlr/articles/60/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/amlr/articles/60.md","body_sha256":"e1b4b646269b30b58e77fbe2cbb061a44378f632fb6df4358d60a7726885ca06"},"units":[{"locator":"amlr/art/60","kind":"article","status":"in_force","label":null,"heading":"Identification of objects of a power and default takers in discretionary trusts","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"amlr/art/60/subpara/1","kind":"subparagraph","status":"in_force","label":null,"heading":null,"text":"In the case of discretionary trusts, where beneficiaries have yet to be selected, the objects of a power and default takers shall be identified. Beneficiaries among the objects of a power shall be beneficial owners as soon as they are selected. Default takers shall be beneficial owners when the trustees fail to exercise their discretion.","marks":[],"revision":1,"text_hash":"e5ee13c7739b23363418a11101712e870fc445cdda0c080c7b3b5093446d8172","reason":null},{"locator":"amlr/art/60/subpara/1/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"Where discretionary trusts meet the conditions laid down in Article 59(2), only the class of objects of a power and default takers shall be identified. Those categories of discretionary trusts shall be notified to the Commission in accordance with paragraph 3 of that Article.","marks":[],"revision":1,"text_hash":"77bacccdb2f17f51864790a4e1602687a1674796d3d456c152c0284cac341bae","reason":null}],"markdown":"---\ntitle: \"Article 60 — Identification of objects of a power and default takers in discretionary trusts\"\ntype: regulation\nlegal_status: in_force\nsource: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1624\"\nsource_retrieved: 2026-09-29\nshortTitle: \"Article 60 — Identification of objects of a power and default takers in discretionary trusts\"\ninstrument_type: level1_regulation\nauthority: Commission\nbinding: true\nbinding_character: binding\nmica_level2: false\nlegal_basis: \"Regulation (EU) 2024/1624\"\ninstrument: amlr\ncelex: \"32024R1624\"\nregulation: AMLR\nregulation-full: \"Regulation (EU) 2024/1624\"\narticle: 60\nstatus: in_force\nobject_id: eu.amlr.legal_text.article.60\ntext_version: \"Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024\"\nsource_url: \"https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\n---\n\n*In force · Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng)*\n\nIn the case of discretionary trusts, where beneficiaries have yet to be selected, the objects of a power and default takers shall be identified. Beneficiaries among the objects of a power shall be beneficial owners as soon as they are selected. Default takers shall be beneficial owners when the trustees fail to exercise their discretion.\n\nWhere discretionary trusts meet the conditions laid down in [Article 59(2)](59.md), only the class of objects of a power and default takers shall be identified. Those categories of discretionary trusts shall be notified to the Commission in accordance with paragraph 3 of that Article.\n\n***\n\n[Chapter IV — Beneficial ownership transparency](../chapters/iv.md) · [← Article 59](59.md) · [Article 61 →](61.md)\n"}