Examples of MSB Act in a sentence
The parties acknowledge that under the MSB Act, the acts of the Commissioner for Superannuation and his staff done in the name of, or on behalf of, the MSB Board are deemed to be acts of the MSB Board.
Defence agrees to co-ordinate, with responsible drafting agencies, the preparation of the instruments on the agreed recommendations of changes to the MSB Act and Trust Deed for the Minister’s approval.
Policy Defence may make recommendations on changes to the MSB Act and Trust Deed, in consultation with the MSB Board and ComSuper, where appropriate.
Where a member of the Defence Force who is liable to contribute under the Defence Force Retirement and Death Benefits Act or the MSB Act becomes an eligible employee, he or she shall not be treated as such until he or she ceases to be liable to contribute under that Act.
The Code of Practice (read in conjunction with the DAB Statement of Princi- ples prescribed by the DAB Act) interprets the minimum licensing criteria, including ongoing monitoring and compliance obligations. Money Service Business Act 2016 (the “MSB Act”)The BMA has published a Statement of Princi- ples and Code of Practice under the MSB Act.
Part 6 establishes the MSB Board, and Part 7 defines the Commissioner for Superannuation’s functions under MSB Act.
MSBs must adhere to the requirements of the MSB Act and AML/CFT laws and regulations of St. Kitts and Nevis.
Paragraph 51(c) of the MSB Act allows the Minister to delegate his or her powers to the Commissioner and the staff assisting him or her.
Item 110 also provides that CSC functions and powers are those set out in the Trust Deed and that it is also responsible for the general administration of the MSB Act.
These amendments reflect the abolition of the MSB Board and CSC taking over the Board’s role as the trustee responsible for the scheme established by the MSB Act.