Mandatory approval definition

View the related practice notes about Mandatory approval

The pre A-day pensions tax regime [Archived]

ARCHIVED: This archived Practice Note explains the pensions tax regime and old Inland Revenue limits which applied before 6 April 2006 (A-day) and which may, to some extent, still be relevant today. It is not maintained.The pensions tax regime under the Finance Act 2004 came into effect on 6 April 2006, otherwise known as A-day. The pre A-day regime may still be of some relevance to schemes, many of which have retained some or all of the limits that applied under the older regime. This Practice Note focuses on the pre A-day tax regime.For further information on the tax regime after A-day (including transitional provisions included in the post A-day tax regime), see Practice Notes: •The Finance Act 2004, A-day and the pensions tax regime•Tax treatment of pensions—an introduction•Allowance protections—quick guide•Normal minimum pension age and protected pension age•Pension commencement lump sums (PCLSs)—Protection of right to higher tax-free lump sumThe Pension Schemes (Modification of Rules of Existing Schemes) Regulations 2006, SI 2006/364, allowed schemes to make amendments to their rules to...

Bosnia and Herzegovina merger control

Bosnia and Herzegovina merger control A conversation with Srdjana Petronijevic, partner at Serbian law firm Moravčević Vojnović i partneri AOD Beograd in cooperation with Schoenherr, and Minela Sehovic, an attorney at law in cooperation with Schoenherr, on key issues on merger control in Bosnia and Herzegovina. NOTE–to see whether notification thresholds in Bosnia and Herzegovina and throughout the world are met, see Where to Notify. 1. Have there been any recent developments regarding the Bosnia and Herzegovina merger control regime and are any updates/developments expected in the coming year? Are there any other ‘hot’ merger control issues in Bosnia and Herzegovina? In August 2020, the Competition Council (Konkurencijsko vijeće—the Council) appointed a working group for preparation of the amendments to the Competition Act, however no amendments have been adopted to date. Other than that, no particular developments in the Bosnia and Herzegovina merger control regime. 2. Under the Bosnia and Herzegovina merger control law, is the control test the same as the EU concept of ‘decisive influence’?...