This section has no associated Explanatory Notes
7(1)For the purposes of section 111(2) the appropriate certificates, in relation to a banking business transfer scheme, are—U.K.
(a)a certificate under paragraph 8; and
(b)if sub-paragraph (2) applies, a certificate under paragraph 9.
(2)This sub-paragraph applies if [F1the transferor concerned] or the transferee is an EEA firm falling within paragraph 5(b) of Schedule 3.
Textual Amendments
F1Words in Sch. 12 substituted (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 1 para. 2; S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1