Paragraph 9B (ring-fencing transfer schemes)
This section has no associated Explanatory Memorandum
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.