(1) There shall be a Registrar of International Trusts who shall be—
(a) a public officer designated as such by the Minister; or
(b) the Registrar of International Business Companies.
(2) With the approval of the Minister, the Registrar may designate one or more officers of the Registry to be Deputy Registrars.
(3) The Registrar, without divesting himself or herself of any of his or her own powers or duties may in writing authorise a Deputy Registrar to exercise and perform any such powers or duties and may at any time in writing vary or revoke such authorisation.