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Financial Services (Banking Reform) Act 2013

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Financial Services (Banking Reform) Act 2013, Paragraph 10 is up to date with all changes known to be in force on or before 09 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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10(1)Section 111 (sanction of court for business transfer schemes) is amended as follows.U.K.

(2)In subsection (1), for “or a reclaim fund business transfer scheme” substitute “ , a reclaim fund business transfer scheme or a ring-fencing transfer scheme ”.

(3)In subsection (2), after paragraph (aa) insert—

(ab)in the case of a ring-fencing transfer scheme, the appropriate certificates have been obtained (as to which see Part 2B of that Schedule);

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