Part I Insurance Business Transfer Schemes
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

SCHEDULE 12 Transfer Schemes: Certificates

Sections 111(2) and 115

Part I Insurance Business Transfer Schemes

[1

For the purposes of section 111(2) the appropriate certificate, in relation to an insurance business transfer scheme, is a certificate under paragraph 2.]

Certificates as to margin of solvency

2

(1)     A certificate under this paragraph is to be given—

(a)     by the relevant authority; or

(b)     in a case in which there is no relevant authority, by the [appropriate regulator].

(2)     A certificate given under sub-paragraph (1)(a) is one

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