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2(1)After consultation with a trust, the Secretary of State may, with the Treasury’s approval, determine the financial duties of the trust, and different determinations may be made in relation to different trusts or for different functions and activities of the same trust.
(2)The Secretary of State shall give the trust notice of every determination, and a determination may—
(a)relate to a period beginning before the date on which it is made;
(b)contain incidental or supplementary provisions; and
(c)be varied by a subsequent determination.
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