Section 142L(6)

The steps that another authorised person or a qualifying parent undertaking may be required to take are— to dispose of any shares in, or securities of, the ring-fenced body to an outside person; to dispose of any interest in any other body corporate that is a member of the ring-fenced body's group to an outside person; to dispose of other specified property or rights to an outside person; to apply to the court under Part 7 for an order sanctioning a ring-fencing transfer scheme relating to the transfer of the whole or part of the business of the authorised person or qualifying parent undertaking to an outside person.

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