SCHEDULES
SCHEDULE 2Amendments to the Financial Services and Markets Act 2000
Amendments to Part 7
I14
1
Section 111 (sanction of the court for business transfer schemes) is amended as follows.
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);