Shareholding limit in retirement benefit schemes restricts company share investments to a capped proportion of scheme assets. A company may implement a Retirement Benefit Scheme only if it complies with these Regulations and other applicable retirement-benefit laws; the scheme must specify the benefits and the manner of implementation and operation. The scheme is subject to a mandatory shareholding limit: company shares or shares of its listed holding company must not, at any time, exceed ten per cent of the book, market or fair value (whichever is lower) of the scheme's total assets as shown in the latest balance sheet for RBS purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Shareholding limit in retirement benefit schemes restricts company share investments to a capped proportion of scheme assets.
A company may implement a Retirement Benefit Scheme only if it complies with these Regulations and other applicable retirement-benefit laws; the scheme must specify the benefits and the manner of implementation and operation. The scheme is subject to a mandatory shareholding limit: company shares or shares of its listed holding company must not, at any time, exceed ten per cent of the book, market or fair value (whichever is lower) of the scheme's total assets as shown in the latest balance sheet for RBS purposes.
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