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
I1Sch. 2 para. 4 in force at 12.3.2009 by S.I. 2009/490, art. 2