UK MRT definition

UK MRT means an individual who, at any point in [____], was classified by the Firm as a Material Risk Taker in accordance with the remuneration codes applicable to dual-regulated UK firms.
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UK MRT means an employee who has been designated by the Company as a “material risk taker” in accordance with the European Banking Authority Regulatory Technical Standards for identifying Material Risk Takers (the “EBA MRT Standards”) and the relevant rules of the Prudential Regulation Authority and the Financial Conduct Authority, (2) an “EU MRT” means an employee who has been designated by the Company as a “material risk taker” in accordance with the EBA MRT Standards and applicable country rules within the EU, and (3) a “MRT” means an employee who has been designated by the Company as either a U.K. MRT or an EU MRT.
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UK MRT means an employee who has been designated by the Company as a “material risk taker” in accordance with the relevant rules of the Prudential Regulation Authority and the Financial Conduct Authority, (2) a “CEP MRT” means an employee who has been designated by the Company as a “material risk taker” in accordance with the EBA MRT Standards and applicable country rules within the EU or are regulated by the European Central Bank and the Central Bank of Ireland Joint Supervisory Team, (3) a “BaFin MRT” means an employee who has been designated by the Company as a “material risk taker” in accordance with the relevant rules of the Bundesanstalt für Finanzdienstleistungsaufsicht (or “Bafin”), and (4) a “MRT” means an employee who has been designated by the Company as a U.K. MRT, a CEP MRT or a BaFin MRT.
Sample 1

Examples of UK MRT in a sentence

  • Remuneration is included on a basis consistent with values used in complying with the maximum permitted ratio of fixed to variable pay where applicable.5. All amounts of deferred remuneration granted in prior performance years are shown in full for individuals who held a UK MRT role during performance year 2021.

  • The UK MRT population includes staff of Merrill Lynch International (inclusive of its branch), Bank of America N.A. London Branch and Bank of America Europe Designated Activity Company London Branch.

  • Year-over-year changes to the UK MRT population reflect employee movement and role/responsibility changes.

Related to UK MRT

  • UK CRR means Regulation (EU) No. 575/2013 on prudential requirements for credit institutions and investment firms of the European Parliament and of the Council of 26 June 2013, as amended or supplemented, as it forms part of domestic law in the UK by virtue of the EUWA.

  • UK GDPR means the GDPR, as transposed into United Kingdom national law by operation of section 3 of the European Union (Withdrawal) Act 2018 and as amended by the Data Protection, Privacy and Electronic Communications (Amendments etc.) (EU Exit) Regulations 2019.

  • UK means the United Kingdom of Great Britain and Northern Ireland.

  • Australian Corporations Act means the Corporations Xxx 0000 (Cth) of Australia.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any province or territory thereof.

  • UK Guarantor means any Guarantor organized under the laws of England and Wales.

  • domestic consumer means a consumer supplied, or requiring to be

  • Europe means the European Union, the European Economic Area and/or their member states, Switzerland and the United Kingdom.

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • PLC means Programmable Logic Controller;

  • Portugal when used in a geographical sense comprises the territory of the Portuguese Republic in accordance with the International Law and the Portuguese legislation;

  • non-UK country means a country that is not the United Kingdom;

  • UK Treaty State means a jurisdiction having a double taxation agreement (a “UK Treaty”) with the United Kingdom which makes provision for full exemption from tax imposed by the United Kingdom on interest.

  • UK Bribery Act means the Xxxxxxx Xxx 0000 of the United Kingdom, as amended, and the rules and regulations thereunder.

  • U.S.-flag air carrier means an air carrier holding a certificate under 49 U.S.C. Chapter 411.

  • Australian Consumer Law means the Australian Consumer Law set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • Overseas Shareholders holders of Scheme Shares who are resident in, ordinarily resident in, or citizens of, jurisdictions outside the United Kingdom;

  • Malta means the Island of Malta, the Island of Gozo and the other islands of the Maltese Archipelago, including the territorial waters thereof;

  • Israeli Companies Law means the Israeli Companies Law, 5759-1999, as amended, and the regulations promulgated thereunder.

  • Sweden means the Kingdom of Sweden and, when used in a geographical sense, includes the national territory, the territorial sea of Sweden as well as other maritime areas over which Sweden in accordance with international law exercises sovereign rights or jurisdiction;

  • Danish Financial Business Act means the Danish Financial Business Act (Consolidated Act No. 174 of 31 January 2017, as amended);

  • India means the territory of India and includes the territorial sea and airspace above it, as well as any other maritime zone in which India has sovereign rights, other rights and jurisdiction, according to the Indian law and in accordance with international law, including the U.N. Convention on the Law of the Sea;

  • Crown means the government of the United Kingdom (including the Northern Ireland Assembly and Executive Committee, the Scottish Executive and the National Assembly for Wales), including, but not limited to, government ministers and government departments and particular bodies, persons, commissions or agencies from time to time carrying out functions on its behalf;

  • UK Debenture has the meaning assigned to that term Section 5.1(b).