Delegated legislation and Multicurrency one-country pooling: Difference between pages

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imported>Doug Williamson
(Linked to The Treasurers Handbook - Legal implications of cash pooling structures)
 
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1. 
A cash management technique in which excess funds from companies’ accounts in the same country, which are denominated in different currencies, are concentrated and used to offset deficits for the purpose of determining interest earned or owed.
 
Law made by ministers under delegated powers given to them by Parliamentary Acts.
Sometimes referred to as secondary legislation or subordinate legislation.
 
 
2.
 
A secondary source of UK tax law that is not written by parliament but usually by Her Majesty's Revenue & Customs.
 
 
3.
 
Law created by any other subordinate law-making body, within the authority of an Enabling Act - or other primary legislation - enacted by the primary law-making body.




== See also ==
== See also ==
* [[Enabling Act]]
* [[Cash concentration]]
* [[Secondary legislation]]
* [[Cash management]]
* [[Statutory instrument]]
* [[Deficit]]
 
* [[Pooling]]
[[Category:Compliance_and_audit]]
* [[CertICM]]
* [[Legal implications of cash pooling structures]]

Revision as of 11:11, 1 December 2014

A cash management technique in which excess funds from companies’ accounts in the same country, which are denominated in different currencies, are concentrated and used to offset deficits for the purpose of determining interest earned or owed.


See also