# Financial Services Act 2012, Paragraph 12


After section 234A insert—
“Successors to businesses
Transfers of liability
234B (1) This section applies where a person (the “successor”) has assumed a liability (including a contingent one) of a person (the “predecessor”) who was, or (apart from this section) would have been, the respondent in respect of a complaint falling to be dealt with under the ombudsman scheme.
(2) The complaint may (but need not) be dealt with under this Part as if the successor were the respondent.”

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Source: https://www.legislation.gov.uk/ukpga/2012/21/schedule/11/paragraph/12 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012/schedule-11/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.