‹ COBS 5.3.2 COBS 5.4 Delegation of Duties or Powers › COBS 5.3.3 The Trust Service Provider must ensure that any trustee exercises his discretion in accordance with his fiduciary and other duties under the laws governing the trust of which he is a trustee. ‹ COBS 5.3.2 COBS 5.4 Delegation of Duties or Powers ›