SCHEDULES
SCHEDULE 1Ring-fencing transfer schemes
I110
1
Section 111 (sanction of court for business transfer schemes) is amended as follows.
2
In subsection (1), for “or a reclaim fund business transfer scheme” substitute “
, a reclaim fund business transfer scheme or a ring-fencing transfer scheme
”
.
3
In subsection (2), after paragraph (aa) insert—
ab
in the case of a ring-fencing transfer scheme, the appropriate certificates have been obtained (as to which see Part 2B of that Schedule);