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The transitional provisions of the Capital Requirements Regulation (CRR) (Regulation 575/2013) are set out in Part Ten of the CRR. Article 521 within Part Eleven of the CRR sets out that the CRR applies from 1 January 2014 with the exception of the list of articles set out in Article 521 2(a), (b) and (c) (which does not include Article 63).
Chapter 2 of Part Ten sets out arrangements with regards to the grandfathering of capital instruments and derogations from the wording in Article 63 for certain types of instruments as set out within Articles 483, 484 and 490 of the CRR.
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What is a company's constitution?A company’s 'constitution' is defined under the Companies Act 2006 (CA 2006) as including:•the company’s articles of association, and•any resolutions and agreements affecting a company’s constitutionThe CA 2006 definition of 'constitution' is not exhaustive and also
The principles of the notarial act are that it is:•an act of the notary and not of the parties named in the document•a record of a fact, event or transaction•in the form of a document, notwithstanding the form of the underlying document, fact, event or transactionThe purpose of the notarial act is
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
Definition of automatismAn act is done in a state of automatism if it is done by the body without control by the mind, (eg it is a spasm or a reflex), or if it is done by a person who is not conscious of what they are doing. The act may be described as involuntary, but will not be regarded as such
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