Schedule 6, Part 10, paragraph 64(3)

The purposes are— for the performance of a protected contract; to reduce the financial risk of a party to a protected contract or a third party affected by the performance of a protected contract; to transfer the property, rights or liabilities under a protected contract to a person authorised to carry on a regulated activity by virtue of section 31(1)(a); to comply with a requirement imposed by or under an enactment.

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