The trustees or managers1 of an occupational pension scheme2 must establish and operate an effective system of governance including internal controls3. The system of governance must be proportionate to the size, nature, scale and complexity of the activities of the occupational pension scheme4. The above requirement does not apply in relation to: (1) a public service pension scheme5; (2) any other scheme which is established by or under an enactment (including a local Act), and is guaranteed by a public authority6; (3) a pay-as-you-go scheme
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This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having an intercreditor agreement and when an intercreditor agreement would be used instead of a deed of priority or subordination deed•provides links to
You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine present a low risk of money laundering or terrorist financing, having taken into account:•your organisation-wide risk assessment—see Practice Note:
Having established that a duty of care exists (see Practice Note: Negligence—when does a duty of care arise?), it is then necessary to consider whether or not there has been a breach of that duty. This will depend on a number of factors outlined below and considered against the general background of
Criminal offences are generally divided into two categories: •conduct crimes, and •result crimesA conduct crime is a crime where only the forbidden conduct needs to be proved. For example, an accused is guilty of dangerous driving if they drove a motor vehicle dangerously on a road or other public
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