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---
title: "Article 60 — Identification of objects of a power and default takers in discretionary trusts"
type: regulation
legal_status: in_force
source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32024R1624"
source_retrieved: 2026-09-29
shortTitle: "Article 60 — Identification of objects of a power and default takers in discretionary trusts"
instrument_type: level1_regulation
authority: Commission
binding: true
binding_character: binding
mica_level2: false
legal_basis: "Regulation (EU) 2024/1624"
instrument: amlr
celex: "32024R1624"
regulation: AMLR
regulation-full: "Regulation (EU) 2024/1624"
article: 60
status: in_force
object_id: eu.amlr.legal_text.article.60
text_version: "Regulation (EU) 2024/1624, OJ L, 2024/1624, 19.6.2024"
source_url: "https://eur-lex.europa.eu/eli/reg/2024/1624/oj/eng"
check_status: matched
verified: true
last_checked: 2026-10-26
---

*In force · applies from 10 Jul 2027 · 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)*

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.

Where 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.

***

[Chapter IV — Beneficial ownership transparency](../chapters/iv.md) · [← Article 59](59.md) · [Article 61 →](61.md)