[106B Ring-fencing transfer scheme]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[106B  Ring-fencing transfer scheme]

[(1)     A scheme is a ring-fencing transfer scheme if it—

(a)     is one under which the whole or part of the business carried on—

(i)     by a UK authorised person, or

(ii)     by a qualifying body,

is to be transferred to another body (“the transferee”),

(b)     is to be made for one or more of the purposes mentioned in subsection (3), and

(c)     is not an excluded scheme or an insurance business transfer scheme.

(2)     “Qualifying

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