Section 115(6)

The means by which transfers falling within subsection (5) may be effected include, in particular— a transfer of the undertaking of the company subject to the FMI administration order, or of part of its undertaking, to a wholly-owned subsidiary of that company, and the transfer to a company of securities of a wholly-owned subsidiary to which there has been a transfer falling within paragraph (a).

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