Insights
What we are reading, and what we think it means.
A detailed note on Announcement No. 21 — the rules in summary, review and remediation options, filing and the annual cycle — is available on request. Write to J.Hu@perenniafiduciary.com.
REGULATION
What the 2026 offshore trust rules change
Deferral and avoidance no longer work. What the rules now reward is substance, governance and a real commercial purpose.