Paragraph 5 I1
In Schedule 12, after Part 2 there is inserted—
“ Part 2A
Reclaim fund business transfer schemes
Certificate as to financial resources
9AFor 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