Disclosure of potential conflicts of interest

A company, proposing to act as a trustee or in any other fiduciary capacity under a written agreement to be entered into with a prospective client after September 1, 2025, that has any potential or actual conflict of interest that may reasonably be expected to have an impact on the independence or judgment of the trustee or fiduciary, shall disclose appropriate information concerning the actual or potential conflict of interest before entering into any written or oral trust or fiduciary agreement with the client or prospective client.