Rechtsbibliothek und Fallanalyse · Österreich · Belgien · Europäische Union
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S.L. 514.3 · Retirement Pensions (Control Of Assets) (S.L. 514.3)

S.L. 514.3 Art. 13Termination of the control of assets.

In KraftAmtlicher Text

(1) Without prejudice to any requirements as may be laid down by the competent authority, an agreement for the control of assets belonging to a customer may be terminated by the customer, by the subject person, or by order of the competent authority.

(2) Upon the termination of an agreement for the control of assets, the subject person shall convey for no consideration the assets held for the customer, as instructed by the customer or by the competent authority, without prejudice to the subject person’s right to payment of any lawfully due fees or expenses in terms of the agreement entered into with the customer and to any obligations arising in favour of the customer thereunder.

Part IV Custody of Assets