Sponsor Definition

GLOSSARY

Published by a ��˾��ҹ�� Banking & Finance expert

What does Sponsor mean?

In acquisition finance transactions the institutional equity investor that acts as the financial sponsor of the transaction.

View the related checklists about Sponsor

Listing requirements and continuing obligations—premium listing and standard listing—prior to 29 July 2024

Listing requirements and continuing obligations—premium listing and standard listing—prior to 29 July 2024 A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories. The UK Listing Rules sourcebook came into force to implement the changes and the Listing Rules sourcebook was revoked. For further information see Practice Note: Reform of the UK listing regime—fundamentals. This checklist reflects the listing regime prior to 29 July 2024 and has been retained for reference purposes. This checklist compares the listing requirements and key continuing obligations that previously applied to a commercial company with a listing of equity securities on the premium and standard listing segments prior to 29 July 2024. Requirements for listing—prior to 29 July 2024...

Financial Services—Brexit—timeline [Archived]

Financial Services—Brexit—timeline [Archived] ARCHIVED: This Practice Note is archived and is no longer maintained. On 23 June 2016, the UK held a referendum on its membership of the EU, with a majority voting in favour of the UK leaving the EU. On 29 March 2017, the UK Prime Minister gave formal notification of the UK’s intention to withdraw from the EU, commencing the withdrawal process under Article 50 TEU. This timeline sets out key events, publications, and the next steps on Brexit relevant to financial services firms. 2024 Date Details 31 January 2024 UK Government Document: Financial Services and Markets Act 2023 (Commencement No 5) Regulations 2024SI 2024/250: Certain provisions of the Financial Services and Markets Act 2023 (FSMA 2023) come into force partly on 1 March 2024, partly on 1 August 2024, and fully on 1 January 2025. 31 January 2024 UK Government Document: Data Reporting Services Regulations 2024SI 2024/107: These Regulations are made in exercise of legislative powers under the Financial Services and Markets Act 2023 (FSMA 2023) in...

Calculating a section 75 debt

Calculating a section 75 debt THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT OCCUPATIONAL PENSION SCHEMES Sections 75 and 75A of the Pensions Act 1995 (PA 1995) impose an obligation on a statutory employer in relation to a defined benefit occupational pension scheme to fund any shortfall in scheme funding upon the occurrence of certain events. A debt triggered under either of these sections is referred to as a ‘section 75 debt’ or 'employer debt’. The finer details as to how sections 75 and 75A apply are set out in the Occupational Pension Schemes (Employer Debt) Regulations 2005, SI 2005/678 (the Employer Debt Regulations), although the Occupational Pension Schemes (Deficiency on Winding Up etc) Regulations 1996, SI 1996/3128 may also be relevant (see Calculating the section 75 debt: single-employer schemes, below). For further information on section 75 debts and circumstances in which they can be triggered, see Practice Note: When is a section 75 debt triggered? Who is responsible for calculating the section 75 debt? Since 6...

Applying for a Workers and Temporary Workers sponsor licence: key personnel and representatives

Applying for a Workers and Temporary Workers sponsor licence: key personnel and representatives This Practice Note details the roles, responsibilities and requirements for the Authorising Officer, Key Contact, Level 1 users and Level 2 users (key personnel) of a sponsor in the Workers and Temporary Workers routes. It also looks at aspects relating to legal representatives. The Worker routes are: • Skilled Worker • Global Business Mobility (GBM)—Senior or Specialist Worker • T2 Minister of Religion, and • International Sportsperson The Temporary Worker routes are: • Charity Worker • Creative Worker • GBM—Graduate Trainee, Service Supplier, Secondment Worker and UK Expansion Worker • Scale-up • Government Authorised Exchange • International Agreement • Religious Worker, and • Seasonal Worker Certain sponsorship aspects looked at in this Practice Note are different for the UK Expansion Worker route. These are highlighted briefly below. For further information, see Practice Note: Sponsoring a UK Expansion Worker—The GBM: UK Expansion Worker sponsor licence aspects. When applying for a sponsor licence, an organisation...

Discover our 579 Practice Notes on Sponsor

Proxy form for a general meeting—open offer

Proxy form for a general meeting—open offer Company number: [insert company name] [insert company name] PLC (the Company) Form of proxy for a general meeting Before completing this form please read the explanatory notes [I OR We] [insert name of shareholder[s]] as [a] member[s] of the Company appoint [insert name of proxy] [insert information about shares] Name of proxy Shares to which proxy appointment relates Leave blank if you are only appointing one proxy or, if no one is named in the box as proxy, the chair of the meeting as [my OR our] proxy to exercise all or any of [my OR our] rights to attend and speak for [me OR us] and on [my OR our] behalf at the general meeting of the Company to be held at [insert time] on [insert date] (and at any adjournment of the meeting) and to vote and/or abstain on the specified resolutions as indicated below, and as the proxy thinks fit on any other...

Change control clause—long form

Change control clause—long form 1 Definitions 1.1 In this Agreement: Change • means any change to the Services and/or the terms of this Agreement other than a minor operational change as described in clause 2.2; Charges • means the fees, costs and expenses payable by the Customer to the Supplier for the provision of the Services, as set out in Schedule [insert schedule number]; Change Control Note • means the form submitted to support a Change Request pursuant to the Change Control Procedure, in a form substantially similar to the pro-forma change control note in the Appendix to Schedule [insert schedule number]; Change Control Procedure • means the process by which any Change is agreed as set out in Schedule [insert schedule number]; Change Request • means a request in the form of a Change Control Note submitted by a party intending to effect a Change; Charge Review Procedure • means the procedure for reviewing and providing information relating to a potential increase or decrease in the...

Dive into our 125 Precedents related to Sponsor

How is it possible to ascertain the going rate for jobs in SOC code 6141, in relation to a skilled worker application, where the employer is a non-NHS employer? How could the Home Office take action against a sponsor employer if it erred in this context?

How is it possible to ascertain the going rate for jobs in SOC code 6141, in relation to a skilled worker application, where the employer is a non-NHS employer? How could the Home Office take action against a sponsor employer if it erred in this context? As confirmed in the Practice Note: Sponsoring a Skilled Worker, under Immigration Rules, Appendix Skilled Worker, para SW 13.2 (Eligible health and education occupation codes; Option F), a person whose role falls into Table 2 of Appendix Skilled Occupations will be eligible for sponsorship under the Skilled Worker route where they will be paid a salary which equals or exceeds both £20,480 per year and the going rate for the occupation code (providing they are otherwise eligible). Table 2 of Immigration Rules, Appendix Skilled Occupations provides going rates for eligible health and education occupation codes where rates are based on national pay scales. SOC code 6141 (Nursing auxiliaries and assistants) contains the following example job roles: • auxiliary nurse • health care assistant (hospital...

As overseas-trained nurses being sponsored on the Skilled Worker route are required to achieve registration with the Nursing and Midwifery Council (NMC) within eight months, are there any circumstances (eg compassionate circumstances) where a nurse can obtain an extension to the requirement to pass the OSCE and register with the NMC within eight months?

As overseas-trained nurses being sponsored on the Skilled Worker route are required to achieve registration with the Nursing and Midwifery Council (NMC) within eight months, are there any circumstances (eg compassionate circumstances) where a nurse can obtain an extension to the requirement to pass the OSCE and register with the NMC within eight months? There are no exceptions given in the Workers and Temporary Workers: sponsor a skilled worker sponsor guidance for the requirement for overseas-trained nurses and midwives being sponsored on the Skilled Worker route to complete their Nursing and Midwifery Council registration within eight months of either: • the start date on their Certificate of Sponsorship (CoS) (if this is their first application for permission on the Skilled Worker route as a pre-registration nurse or midwife), or • the start date of their previous employment (if they are applying for an extension to continue working as a pre-registration nurse or midwife) The

See the 181 Q&As about Sponsor

Continuation of contract order can be made even though sponsor had lost licence (Rathod v Clinica Private Healthcare)

Employment analysis: In an unfair dismissal case brought by a migrant sponsored worker seeking interim relief, an employment tribunal may make a continuation of contract order even if the employer has lost its sponsorship licence because making such an order does not create an employment contract or relationship of employment, according to the London Central Employment Tribunal.

Employment weekly highlights—17 October 2024

This week’s edition of Employment weekly highlights includes: (1) a Private Members’ Bill transferring the functions of the Institute for Apprenticeships and Technical Education to the Secretary of State, ahead of its replacement by Skills England, (2) an analysis of the key changes to the Investment Associations updated Principles of Remuneration, (3) the government response to the consultation on seafarers’ wage regulations and guidance, together with the finalised Seafarer’s Wages Regulations 2024 and further regulations bringing the remaining provisions of the Seafarers’ Wages Act 2023 into force, (4) the new Office for Equality and Opportunity which replaces the Equality Hub, (5) a Private Members’ Bill that would amend the definition of still-birth to apply from 20 weeks into a pregnancy, (6) confirmation that HMRC will administer the new statutory neonatal care pay from April 2025, (7) the adoption of the Platform Work Directive by the Council of the EU, (8) the latest data from the Home Office register of licenced sponsors list, (9) the IRLR Highlights for November 2024, (10)...

Read the latest 1066 News articles on Sponsor

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

Case studies

"It really is saving us a huge number of hours over the days, weeks and months. Having more relevant support at hand, not having to draft or review documents them from scratch - it all adds up."

Southampton FC

Access all documents on Sponsor

GET ACCESS NOW

Top

Trial

��˾��ҹ��

GLOSSARY