Jurisdiction(s):
United Kingdom

Key definition

Notification definition

What does Notification mean? Notification describes the formal act of giving notice to a regulator, court or counterparty to trigger legal effects or satisfy a statutory duty. In competition and merger control, it means submitting a filing about a proposed transaction to the competent authority. In the EU, the eu merger Regulation (Regulation 139/2004) requires prior notification of concentrations meeting turnover thresholds; completion is suspensory pending European Commission clearance. In the UK (England & Wales, Scotland and Northern Ireland), merger notification under the Enterprise Act 2002 is generally voluntary, but the Competition and Markets Authority (CMA) can call in deals that meet jurisdictional tests;...

Precedent termination letter to EBT trustees: handling assets/liabilities, distributions, executing deed of termination, and HMRC notification (UK)

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Precedents

[ insert full name of Trustee ] as trustee of the [ insert full name of the Employee benefit Trust ]
[ insert full address of trustees ]
[ insert date of letter ]

Dear Trustee(s)

[ name of the employee benefit trust ] ( EBT )

We write in your capacity as trustee of the EBT (the Trustee). We refer to the trust deed establishing the EBT, dated [ insert date of trust deed ], executed by you, as Trustee, together with [ insert name of settlor of EBT ] (the Company and the Trust Deed).

There are no assets and liabilities in the EBT

It is our understanding that the EBT now holds no assets or liabilities and, as a result, is no longer constituted as a trust. Nonetheless, the EBT’s termination must be formally acknowledged and HMRC notified. We therefore propose that you execute the enclosed deed of termination. This deed records the exercise of your power under Clause [ insert relevant clause ] of the Trust Deed to bring forward the end of the Trust Period (as defined in the Trust Deed)...

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Web page updated on 22/05/2026

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