PLAE 2022 Scheme definition

PLAE 2022 Scheme means the insurance business transfer schemes under Part VII of FSMA (as amended by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019) in the UK and in the Republic of Ireland under Section 13 of the Assurance Companies Xxx 0000 and Regulation 178 of the European Union (Insurance and Reinsurance) Regulations 2015 on or around the date of this Agreement transferring (along with certain non-profit business of ReAssure Life Limited) the Transferred Policies (as defined in the PLAE 2022 Scheme) of PLL, from PLL to PLAE;
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Examples of PLAE 2022 Scheme in a sentence

  • The payment of the Back-Book Premium shall, if the PLAE 2022 Scheme comes into effect in accordance with its terms, be satisfied by the set-off and retention of assets by PLL that would otherwise be transferred to PLAE pursuant to the PLAE 2022 Scheme, in accordance with the terms of paragraph 3.2 of the PLAE 2022 Scheme, so that PLAE will not be required to transfer any assets in order to pay the Back-Book Premium.

  • From the Effective Date, an amount equal to the aggregate amounts payable by (or on behalf of) PLAE to (or on behalf of) policyholders in respect of the Reinsured Liabilities having regard to the terms of paragraph 16 of the PLAE 2022 Scheme (the "Claim Amount") shall become due for payment (subject to Clause 11 (Business Oversight)) by PLL to PLAE by the end of the month following PLAE providing PLL with written notice of such Claim Amount, or, if later, the payment date specified in such notice.

Related to PLAE 2022 Scheme

  • SAQA means the South African Qualifications Authority;

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Company; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement (disregarding de minimis holdings by initial subscribers, if applicable); (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Company; (iv) all Subsidiaries of the Company immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Company) are Subsidiaries of the Company (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Company (or Newco) holds, directly or indirectly, the same percentage of the Ordinary Share Capital and Equity Share Capital of those Subsidiaries as was held by the Company immediately prior to the Scheme of Arrangement.

  • Law 11/2015 means Law 11/2015 of 18 June, on recovery and resolution of credit institutions and investment firms (Ley 11/2015, de 18 de junio, de recuperación y resolución de entidades de crédito y empresas de servicios de inversión) as amended or replaced from time to time.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;

  • town planning scheme means the City of Rockingham Town Planning Scheme made under the Town Planning and Development Act 1928.

  • FOISA means the Freedom of Information (Scotland) Xxx 0000 and any subordinate legislation made under this Act from time to time or any superseding or amending enactments or regulations, together with any guidance and/or codes of practice issued by the Information Commissioner, the Scottish Information Commissioner and/or any relevant government department in relation to such legislation.

  • legal arrangement means a trust or other similar arrangement;

  • Planning Scheme means a scheme developed in accordance with section 6 of the Planning and Environment Act 1987.

  • Exempt Newco Scheme means a Newco Scheme where, immediately after completion of the relevant Scheme of Arrangement, the ordinary shares or units or equivalent of Newco (or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco) are (i) admitted to trading on the Relevant Stock Exchange or (ii) admitted to listing on such other Regulated Market as the Issuer or Newco may determine;

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));

  • Treaty on European Union means the Treaty of Rome of March 25, 1957, as amended by the Single Xxxxxxxx Xxx 0000 and the Maastricht Treaty (which was signed at Maastricht on February 1, 1992 and came into force on November 1, 1993), as amended from time to time.

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • Short-rotation coppice means a specific management regime whereby the poles of trees are cut every one to two years and which is aimed at producing biomass for energy. It is exempt from the UK government timber procurement policy requirements and falls under agricultural regulation and supervision rather than forestry. The exemption only refers to short-rotation coppice, and not 'conventional' coppice which is forest management and therefore subject to the timber policy.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • the Scheme means the Local Government Pension Scheme in

  • Ancillary crime or "ancillary charge" means any delinquent act committed by a juvenile as a part

  • Traineeship Scheme means an approved traineeship applicable to a group or class of employees or to an industry or sector of an industry or an enterprise. A traineeship scheme shall not be given approval unless consultation and negotiation with the union upon the terms of the proposed traineeship scheme and the traineeship have occurred. An application for approval of a traineeship scheme shall identify the union and demonstrate to the satisfaction of the approving authority that the abovementioned consultation and negotiation have occurred.

  • MVAR means megavolt ampere of reactive power.

  • approved blood scheme means a scheme established or approved by the Secretary of State, or trust established with funds provided by the Secretary of State, for the purpose of providing compensation in respect of a person having been infected from contaminated blood products;

  • Scheme of Arrangement means a scheme of arrangement, share for share exchange or analogous procedure.

  • IASB means the International Accounting Standards Board;

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • MARPOL 73/78 means the International Convention for the Prevention of Pollution from Ships, 1973, as amended by the Protocol of 1978 relating thereto and by any other amendment in force thereafter;

  • High Court means the High Court of Ireland.