Dormant Bank and Building Society Accounts Act 2008

Amendments to Part 7

This section has no associated Explanatory Notes

5In Schedule 12, after Part 2 there is inserted—

Part 2AReclaim fund business transfer schemes

Certificate as to financial resources

9AFor the purposes of section 111(2) the appropriate certificate, in relation to a reclaim fund business transfer scheme, is a certificate given by the Authority certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.