What does 'Fiduciaries' refer to in the ACJA?

The term 'Fiduciaries' in the context of the Arizona Code of Judicial Administration (ACJA) refers specifically to individuals or entities that are entrusted with the responsibility of managing the assets or interests of another party, often in situations involving trust, estate, or guardianship matters. This definition aligns with the regulation of professional roles that have a duty of care and loyalty to those they serve, making it essential for fiduciaries to understand their obligations under the law.

Understanding this context highlights the importance of having regulations and guidelines specific to fiduciaries to ensure they perform their duties ethically and competently. Regulations often address qualifications, responsibilities, and the processes involved in their professional conduct, thereby establishing a clear framework within which fiduciaries must operate, aligning with the choice identified as the correct answer.