SCHEDULES

SCHEDULE 12 Transfer schemes: certificates

F1PART 2BRing-fencing transfer schemes

Annotations:
Amendments (Textual)

9BAppropriate certificates

1

For the purposes of section 111(2) the appropriate certificates, in relation to a ring-fencing transfer scheme, are—

a

a certificate given by the PRA certifying its approval of the application,

b

a certificate under paragraph 9C, and

c

if sub-paragraph (2) applies, a certificate under paragraph 9D.

2

This sub-paragraph applies if the transferee is an EEA firm falling within paragraph 5(a) or (b) of Schedule 3.