10(1)Section 111 (sanction of court for business transfer schemes) is amended as follows.U.K.
(2)In subsection (1), for “or a reclaim fund business transfer scheme” substitute “ , a reclaim fund business transfer scheme or a ring-fencing transfer scheme ”.
(3)In subsection (2), after paragraph (aa) insert—
“(ab)in the case of a ring-fencing transfer scheme, the appropriate certificates have been obtained (as to which see Part 2B of that Schedule);”
Commencement Information
I1Sch. 1 para. 10 in force at 1.3.2014 by S.I. 2014/377, art. 2(1)(a), Sch. Pt. 1