Master Trust scheme definition

Master Trust scheme means a Master Trust scheme within the meaning
Sample 1Sample 2Sample 3
Master Trust scheme means a Master Trust scheme within the meaning of the Pension Schemes Act 2017 or any corresponding statutory provision;
Sample 1Sample 2Sample 3
Master Trust scheme means a scheme to which Part 1 of the Pension Schemes Act 2017 applies;
Sample 1Sample 2

Examples of Master Trust scheme in a sentence

  • There is no express legal requirement for a Master Trust scheme to have a scheme funder.

  • These matters may be addressed following the outcome of the consultation to move to a Master Trust scheme.

  • Subsections (B1) and (C1) apply where a triggering event occurs in relation to an existing Master Trust scheme on or after 20 October 2016 but before the commencement date.

  • It can and will do so by obtaining the following information from Master Trust schemes:• the trustees and scheme funder of a Master Trust scheme must each send their accounts to the Pensions Regulator every year.• trustees are required to submit a 'supervisory return' (normally alongside an annual scheme return) to the Pensions Regulator, providing updates against the authorisation criteria.

  • The systems and processes of the Master Trust scheme must be sufficient to ensure that the trust is run effectively.

  • Fitness and propriety: The first authorisation criterion requires the persons involved in a Master Trust scheme (including the scheme trustees and scheme funder and scheme strategist to be 'fit and proper' persons.21All individuals being assessed must be able to satisfy the Pension Regulator (TPR) that they are fit and proper because they meet the standard of honesty, integrity and knowledge appropriate to their role.

  • The Pensions Regulator also has powers to impose fixed penalties (and escalate any penalty notice) if a person fails to provide the information requested by the Pensions.Triggering events and continuity options Triggering events are effectively events that might suggest the Master Trust scheme is failing.


More Definitions of Master Trust scheme

Master Trust scheme means a multiple-employer scheme whose membership is open to employees of more than one employer.
Sample 1
Master Trust scheme means a multiple-employer scheme whose membership
Sample 1

Related to Master Trust scheme

  • unit trust scheme means any arrangements made for the purpose, or having the effect, of providing for persons having funds available for investment, facilities for the participation by them, as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of any property whatsoever;

  • Master Trust means Citibank Credit Card Master Trust I.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Master Trust Deed means the Master Trust Deed dated 8 October 1997 between the Issuer and the Manager, as amended from time to time.

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Owner Trust means the trust created by this Agreement.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Owner Trustee means Wilmington Trust Company, a Delaware trust company, not in its individual capacity but solely as owner trustee under this Agreement, and any successor Owner Trustee hereunder.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Class B Trust Agreement means the Basic Agreement, as supplemented by the Trust Supplement No. 2016-1B thereto, governing the creation and administration of the United Airlines Pass Through Trust 2016-1B and the issuance of the Class B Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Series Trust means the trust known as the Medallion Trust Series [ ] established pursuant to the Master Trust Deed and the Series Supplement.

  • Trust Agent means U.S. Bank, as Trust Agent under the Titling Trust Agreement.

  • Basic Pass Through Trust Agreement means the Pass Through Trust Agreement, dated October 3, 2012, between Owner and Pass Through Trustee, but does not include any Trust Supplement.

  • Delaware Trust Statute means the Delaware Statutory Trust Act, Chapter 38 of Title 12 of the Delaware Code, 12 Del. C. § 3801 et seq., as the same may be amended from time to time.

  • Class A Trust Agreement means the Basic Agreement, as supplemented by the Trust Supplement No. 2016-1A-S thereto, governing the creation and administration of the United Airlines Pass Through Trust 2016-1A-S and the issuance of the Class A Certificates, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Business Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code ss. 3801 et seq., as the same may be amended from time to time.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Litigation Trust Agreement means the trust agreement dated as of the Plan Implementation Date, between SFC and the Litigation Trustee, establishing the Litigation Trust.

  • Pass Through Trust Agreement means each of the two separate Trust Supplements relating to the Pass Through Trusts, together in each case with the Basic Pass Through Trust Agreement, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.