Corporate trustee and Single Euro Payments Area: Difference between pages

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''Law''.   
(SEPA). The area where businesses and individuals will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location.   


A company, usually with limited liability and on a sole basis, which acts as a trustee. For example, as a Trustee of a pension scheme. 
SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards framework. It covers 32 countries including the European Union Member States plus Iceland, Norway, Liechtenstein, Switzerland and Monaco.
 
The directors of the corporate trustee effectively act as Trustees in the normal sense. 
 
A corporate trustee of a pension fund may be a nominee of the sponsoring company, or entirely independent, as long as it complies with the relevant law.


== See also ==
== See also ==
* [[Trustees]]
* [[EC Directive 2007/64/EC]]
* [[European Payments Council ]]
* [[European Union ]]
* [[SEPA credit transfer]]
* [[SEPA direct debit]]


[[Category:Regulation_and_Law]]

Revision as of 14:20, 23 October 2012

(SEPA). The area where businesses and individuals will be able to make and receive payments in euro, within Europe, whether between or within national boundaries under the same basic conditions, rights and obligations, regardless of location.

SEPA encompasses the SEPA Credit Transfer, SEPA Direct Debit and SEPA cards framework. It covers 32 countries including the European Union Member States plus Iceland, Norway, Liechtenstein, Switzerland and Monaco.

See also