Where, in relation to an eligible scheme1, an assessment period2 comes to an end because specified conditions3 are satisfied, the trustees or managers4 of the scheme must: (1) wind up the scheme; or (2) where the winding up of the scheme began before the assessment period5, continue the winding up of the scheme6. Where, in relation to an eligible scheme, an assessment period7 comes to an end because specified conditions8 are satisfied, the trustees or managers of the scheme must continue the winding up of the scheme begun (whether in accordance with these provisions or otherwise) before that assessment
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IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal system of the religion of Islam that sets out a system of duties or code of conduct for individuals to follow so that they may live their life in a
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
A declaratory judgment is a judgment identifying the rights, duties or obligations of one or more parties in a dispute. It is legally binding, but does not order any action by a party. A court may issue it alone or in conjunction with some other relief such as an injunction and can be granted on an
There are two kinds of burden:•the legal burden, and•the evidential burdenThe legal burdenA party has the legal (sometimes called ‘the persuasive’) burden where the onus is on that party to prove a fact or issue in a case to the required standard of proof.The legal burden is generally on the
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