SCHEDULES

SCHEDULE 12 U.K. Transfer schemes: certificates

[F1 Part 2A U.K. Reclaim fund business transfer schemes

Textual Amendments

F1 Sch. 12 Pt. 2A inserted (12.3.2009) by Dormant Bank and Building Society Accounts Act 2008 (c. 31), ss. 15, 31(1)(2), Sch. 2 para. 5; S.I. 2009/490, art. 2 (with art. 3)

Certificate as to financial resources U.K.

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 [F3 relevant 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.]]

Textual Amendments

F2 Sch. 12 para. 9A renumbered as Sch. 12 para. 9A(1) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 18(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F3 Words in Sch. 12 para. 9A(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 18(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F4 Sch. 12 para. 9A(2) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 6 para. 18(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.