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The Judicial Trustee Rules 1983
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Security
6.—(1) This rule shall apply where the judicial trustee is not an official of the Court.
(2) Subject to paragraph (3) below, an order appointing a judicial trustee may include such directions as the Court thinks fit for the giving of security by the person appointed.
(3) The Court shall not, except for special reasons, require security to be given when the application is made by a person creating or intending to create a trust.
(4) Where, by virtue of paragraph (2), a person is required to give security in accordance with this rule he must give security approved by the Court duly to account for what he receives as judicial trustee and to deal with it as the Court directs.
(5) Unless the Court otherwise directs, the security shall be by guarantee.
(6) Any guarantee or undertaking ordered to be filed as security shall be filed in Chancery Chambers or, if the cause or matter is proceeding in a district registry, that registry.
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