Paragraph 4 I1

United Kingdom

F1(1)

The reasons why the directors of the society and of the successor company are satisfied that there will be no substantial risk that the successor company will not F2have relevant permission.

F3(2)

“Relevant permission” has the meaning given by paragraph 10(2) of Part II of Schedule 1 to these Regulations.

Annotations

Textual amendments

F1: Sch. 3 para. 4 renumbered as Sch. 3 para. 4(1) (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 564(3)(a)
F2: Words in Sch. 3 para. 4(1) substituted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 564(3)(b)
F3: Sch. 3 para. 4(2) inserted (1.12.2001) by The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001 (S.I. 2001/3649), arts. 1, 564(3)(c)

Commencement

I1: Sch. 3 para. 4 in force at 2.3.1998, see reg. 1