This service does not require authorisation. A legal entity holding active investment or real estate portfolios serves as the underlying company for a trust company and is consequently exempt from the authorisation required for intermediation in the sale of legal entities underlying businesses.
The Act on the Supervision of Trust Offices (Wet toezicht trustkantoren - Wtt) imposes an authorisation requirement on service providers offering intermediation services in the sale of legal entities (Section 1(d)(3°)). The Wtt Exemption Regulation grants exemption of this authorisation requirement if the legal entity that is the subject of the intermediation underlies a trust company and the sale of the legal entity is not related to the termination of that business while the legal person is continued (Section 3a(1) under b). Legal entities holding active investment or real estate portfolios in this case qualify as legal entities underlying a company. As a result, service providers intermediating in the sale of these legal entities do not provide a trust service when doing so.