SCHEDULES

SCHEDULE 12 Transfer schemes: certificates

F1Part 2AReclaim fund business transfer schemes

Annotations:
Amendments (Textual)

9ACertificate as to financial resources

F41

For the purposes of section 111(2) the appropriate certificate, in relation to a reclaim fund business transfer scheme, is a certificate given by the F3relevant regulator certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.

F22

In this paragraph the “relevant regulator” means—

a

if the transferee is a PRA-authorised person, the PRA;

b

in any other case, the FCA.