3.  The following provisions, that is to say— U.K.

(a) sections [F1 103A] 104 and [F2 107 to [F3 113]] of the Act;

(b) any regulations made under section 108 of the Act; and

(c) Part I of Schedule 12 to the Act;

apply in relation to schemes for the transfer of the whole or any part of the business carried on by one or more [F4 underwriting members of the Society or by one or more persons who have ceased to be such a member (whether before, on or after 24th December 1996)] (“the members concerned”) in the same way as they apply in relation to insurance business transfer schemes, but only if the conditions specified by article 4 are satisfied.

Textual Amendments

F1 Word in art. 3(a) substituted (1.9.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) (No. 3) Order 2013 (S.I. 2013/1765), arts. 1, 5(2)

F2 Words in art. 3 substituted (23.7.2008) by The Financial Services and Markets Act 2000 (Control of Transfers of Business Done at Lloyd’s) (Amendment) Order 2008 (S.I. 2008/1725), arts. 1, 2(3)(a)

F3 Word in art. 3(a) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 184(2) (with transitional provisions in S.I. 2019/710, regs. 1(4), 36, Sch. para. 3 and with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)

F4 Words in art. 3 substituted (23.7.2008) by The Financial Services and Markets Act 2000 (Control of Transfers of Business Done at Lloyd’s) (Amendment) Order 2008 (S.I. 2008/1725), arts. 1, 2(3)(b)

Modifications etc. (not altering text)

C1 Art. 3 modified (31.12.2020) by The Financial Services (Miscellaneous) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/710), reg. 1(3), Sch. paras. 4, 5, 9(2); 2020 c. 1, Sch. 5 para. 1(1)

Commencement Information

I1 Art. 3 in force at 1.12.2001, see art. 1