Any specified person1 may be required by a notice in writing to produce any document2, or provide any other information, which is: (1) of a description specified in the notice; and (2) relevant to the exercise of the Board of the Pension Protection Fund's functions in relation to an occupational pension scheme3. Such a notice may be given by: (a) the Board; or (b) a person authorised by the Board for the purposes of these provisions in relation to the scheme4. Where the production of a document, or the provision of information, is required by a notice
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BREXIT: UK is leaving EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the impact of Brexit on e-money requirements, see Practice Note: Impact of Brexit: Payment services and electronic money directives—quick
Company directors are not, by virtue only of their office as director, automatically entitled under company law to remuneration for services as a director or to reimbursement of expenses incurred in rendering such services. Power to pay directors remuneration for their services will need to be
This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge provisions•how negative pledges are viewed in the context of security and quasi-security, and•key considerations when drafting a negative pledge clauseWhere
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