The following categories of trust office are exempted:
- offices providing services to collective investment schemes that are already subject to supervision under the Act on the Supervision of Collective Investment Schemes;
- natural persons appointed to boards of foundations whose sole activity consists of holding shares on behalf of certificate holders;
- natural persons acting as managers in target companies to which the address has been made available by a trust office with a licence and which keep the accounts.
Consequently, these 'trust offices’ need not apply for a licence and are not included in the register under the said act. The above list is a summary. Application of the regulation must be based on the complete text.