Financial Services (Banking Reform) Act 2013 (c. 33)

SCHEDULES

SCHEDULE 7 U.K. Financial market infrastructure transfer schemes

Application of Schedule to transfers to subsidiaries U.K.

10 U.K. Where a proposed transfer falling within subsection (5) of section 115 is a transfer of the kind mentioned in subsection (6)(a) of that section, this Schedule has effect in relation to the transfer as if—

(a) paragraph 4(1)(a) were omitted, and

(b) in paragraph 4(6), for the words from “both” onwards there were substituted “ the old company has consented may be made ”.

Commencement Information

I1 Sch. 7 para. 10 in force at 13.7.2018 for E.W. by S.I. 2018/848, art. 2(c)