Section 55P(4)

“Assets requirement” means a requirement under section 55L or 55M— prohibiting the disposal of, or other dealing with, any of A's assets (whether in the United Kingdom or elsewhere) or restricting such disposals or dealings, or that all or any of A's assets, or all or any assets belonging to consumers but held by A or to A's order, must be transferred to and held by a trustee approved by the appropriate regulator.

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