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[Music] hello and welcome to this short video which is aimed at helping you with trust registration service my name is anna blake and ill be your guide today ill start off by explaining some of the background to the trust registration service or trs for short and then ill cover some hints and tips before walking you through the online registration itself so lets start with a background to trs european-wide anti-money laundering regulations have been brought in across the eu and despite brexit we still need to comply with these regulations hmrc have therefore introduced the trust registration service or trs requirements these requirements mean that any relevant trust must be registered on the trs and the trs kept up to date for clients of sjp this generally means any trust that holds an investment bond any designated unit trust where youve given money to somebody else for example your children or grandchildren and any asset preservation trust set up on or after 6th of october 2020