PART 2 Amendments to the Act

CHAPTER 5 Part 7 of the Act: control of business transfers

Further amendments to Part 7 of the Act
33. (1) In section 111 (sanction of the court for business transfer schemes) in subsection (2)(a) for “certificates have” substitute “certificate has”.
Subsection (2)(a) was amended by paragraph 4(3)(a) of Schedule 1 to the Dormant Bank and Building Society Accounts Act 2008 (c.31)
(2) In section 112 (effect of order sanctioning business transfer scheme) omit subsection (9).
Subsection (9) was amended by S.I. 2008/1468 and paragraph 2 of Schedule 1 to the Financial Services (Banking Reform) Act 2013.
(3) Omit sections 114 (rights of certain policyholders), 114A (notice of transfer of reinsurance contracts) and 116 (effect of insurance business transfers authorised in other EEA States).
Section 114A was inserted by S.I. 2007/3253.