The trust agreement sets out in a written document the description of the asset, the manner in which the ownership rights are to be exercised and the persons or class of persons (beneficiaries) to whom the asset is to be transferred. The administrator(s) or agents concerned must in the case of companies falling within the scope of the RFT Law: when the beneficiaries of the fiduciary contract or trusts are designated by characteristics or categories, the deposit must be: [2] The directors must designate a trust agreement subject to the Law of 27 July 2003 on trust and trust agreements; For ease of reference, fiduciary agreements, explicit trusts and agreements assimilated to a trust or fiduciary agreement are hereinafter referred to together as „trusts”. .