The settlor(s), Trustee(s), the protector(s) (if any), and the beneficiary/beneficiaries or class of beneficiaries, and any other natural person(s) exercising ultimate effective control over the trust (including through a chain of control or ownership), must always be treated as controlling persons of a trust, regardless of whether or not any of them exercises control over the activities of the trust. In short where they exist they must be named as controlling persons.