SCHEDULES

SCHEDULE 12 Transfer schemes: certificates

F1Part 2AReclaim fund business transfer schemes

Certificate as to financial resources

9A

F2(1)

For the purposes of section 111(2) the appropriate certificate, in relation to a reclaim fund business transfer scheme, is a certificate given by the F3relevant regulator certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.

F4(2)

In this paragraph the “relevant regulator” means—

(a)

if the transferee is a PRA-authorised person, the PRA;

(b)

in any other case, the FCA.