PART 2 Amendments to the Act

CHAPTER 22 Schedule 12 to the Act: transfer schemes: certificates

Paragraph 9B (ring-fencing transfer schemes)

111.  For paragraph 9B(1) (ring-fencing transfer schemes) substitute—

“9B.   For the purposes of section 111(2) the appropriate certificates, in relation to a ring-fencing transfer scheme, are—

(a) a certificate given by the PRA certifying its approval of the application, and

(b) a certificate under paragraph 9C.”.

(1)

Paragraph 9B was inserted by paragraph 13 of Schedule 1 to the Financial Services (Banking Reform) Act 2013.