sub-account
Definitions over time (1)
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14/08/2019 – 09/01/2024 Article 2, Regulation (EU) 2019/1238 Scope: Whole act
For the purposes of this Regulation, the following definitions apply:
‘sub-account’ means a national section which is opened within each PEPP account and which corresponds to the legal requirements and conditions for using possible incentives fixed at national level for investing in a PEPP by the Member State of the PEPP saver’s residence; accordingly, an individual may be a PEPP saver or a PEPP beneficiary in each sub-account, depending on the respective legal requirements for the accumulation phase and decumulation phase;
Other definitions of this term in this act (1)
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Used in (0 places in 0 provisions on 12/11/2026)
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