Fiduciary companies are governed in Italy by Law 23 November 1939, n. l966, are authorized to carry out their activities by the Ministry of Productive Activities in consultation with the Ministry of Justice.
Such activities may include:
Property administration comprises both liqud and real estate assets in general, such as for example: inheritances, donations, legacies, the assets of foundations. The administration in the name of the trust is operated on behalf of its customers, in accordance with instructions given at the bond costitution. Can also comprheend shareholder representation at meetings. The "trustee" function in accordance with art. 7 of the Convention on the law applicable to trusts (recognition Hague on 1 July 1985 and later ratified by Law 16 October 1989, n. 364); the protector function (guardian) of the trusts.
As part of the auditing activities and business organization, the Trust carries out, together with the related consultancy offered by the study, a leading role in the establishment and management of companies of any type as well as for the installation of their facilities accounting.