Financial Services Act 2012

This section has no associated Explanatory Notes

12U.K.After section 234A insert—

Successors to businessesU.K.

234BTransfers of liability

(1)This section applies where a person (the “successor”) has assumed a liability (including a contingent one) of a person (the “predecessor”) who was, or (apart from this section) would have been, the respondent in respect of a complaint falling to be dealt with under the ombudsman scheme.

(2)The complaint may (but need not) be dealt with under this Part as if the successor were the respondent.

Commencement Information

I1Sch. 11 para. 12 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3

I2Sch. 11 para. 12 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.