Schedule 12, Part 2A, paragraph 9A(1)

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 relevant regulator certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.

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Source: legislation.gov.uk · retrieved 2026-09-04