Schedule 1, paragraph 10

Section 111 (sanction of court for business transfer schemes) is amended as follows. In subsection (1), for “or a reclaim fund business transfer scheme” substitute “ , a reclaim fund business transfer scheme or a ring-fencing transfer scheme ”. In subsection (2), after paragraph (aa) insert— in the case of a ring-fencing transfer scheme, the appropriate certificates have been obtained (as to which see Part 2B of that Schedule);

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