Schedule 12, Part III, paragraph 10(5)

In relation to a proposed transfer to which this paragraph applies, the regulator which supervises the transferee's margin of solvency may, if it is satisfied that the transferee possesses the necessary margin of solvency, issue a certificate to that effect.

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Source: legislation.gov.uk · retrieved 2026-09-04 · Text as consolidated on 2026-07-15; changes after this date are not shown.