OpenLegislation

Paragraph 5 I1

In Schedule 12, after Part 2 there is inserted—

“ Part 2A

Reclaim fund business transfer schemes

Certificate as to financial resources

9A

For the purposes of section 111(2) the appropriate certificate, in relation to a reclaim fund business transfer scheme, is a certificate given by the Authority certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.”

Annotations

Commencement

I1

Sch. 2 para. 5 in force at 12.3.2009 by S.I. 2009/490, art. 2