Dormant Bank and Building Society Accounts Act 2008

4 (1) Section 111 (sanction of the court for business transfer schemes) is amended as follows. U.K.

(2) In subsection (1), for “or a banking business transfer scheme” there is substituted “, a banking business transfer scheme or a reclaim fund business transfer scheme”.

(3) In subsection (2)—

(a) at the beginning of paragraph (a) there is inserted “in the case of an insurance business transfer scheme or a banking business transfer scheme,”;

(b) after that paragraph there is inserted—

“(aa) in the case of a reclaim fund business transfer scheme, the appropriate certificate has been obtained (as to which see Part 2A of that Schedule);”.

Commencement Information

I1 Sch. 2 para. 4 in force at 12.3.2009 by S.I. 2009/490, art. 2