10(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);”