(1) This section applies where -
(a) the trustees of a settlement become at any time (in this section referred to as 'the relevant time') on or after the 11th day of February, 1999, neither resident nor ordinarily resident in the State, or
(b) the trustees of a settlement, while continuing to be resident and ordinarily resident in the State, become at any time (in this section also referred to as 'the relevant time') on or after the 11th day of February, 1999, trustees who fall to be regarded for the purposes of any arrangements as resident in a territory outside the State.
(2) Where this section applies, any person who was a trustee of the settlement immediately before the relevant time shall, before the expiry of the period of 3 months beginning with the day when the relevant time falls, deliver to the appropriate inspector a statement specifying -
(a) the day on which the settlement was created,
(b) the name and address of each person who is a settlor in relation to the settlement i
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