Financial Services and Markets Act 2000

109 Scheme reports.U.K.

This adran has no associated Nodiadau Esboniadol

(1)An application under section 107 in respect of an insurance business transfer scheme must be accompanied by a report on the terms of the scheme (“a scheme report”).

(2)A scheme report may be made only by a person—

(a)appearing to the Authority to have the skills necessary to enable him to make a proper report; and

(b)nominated or approved for the purpose by the Authority.

(3)A scheme report must be made in a form approved by the Authority.

Modifications etc. (not altering text)

C1S. 109 applied (1.12.2001) by S.I. 2001/3626, arts. 1, 3(a)