{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-564",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001/article-564.json",
  "legislation": "uksi/2001/3649",
  "legislation_title": "The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-and-repeals-order-2001",
  "path": "article/564",
  "kind": "article",
  "number": "564",
  "heading": "Transfer of business: prescribed matters for transfer statements and transfer notification statements",
  "text": "(1) In paragraph 10 of Part II of Schedule 1 to the Building Societies (Transfer of Business) Regulations 1998 (matters of which particulars are to be included in the case of a transfer to an existing company)—\n(a) the existing text becomes sub-paragraph (1);\n(b) in that sub-paragraph, for the words from “become” to the end substitute “have relevant permission”;\n(c) after that sub-paragraph insert—\n“(2) “Relevant permission” means—\n(a) such permission under Part 4 of the Financial Services and Markets Act 2000, or\n(b) such permission under paragraph 15 of Schedule 3 to that Act (as a result of qualifying for authorisation under paragraph 12 of that Schedule),\nas will enable the successor company to carry on the business which it will have as a result of the transfer without being taken (by virtue of section 20 of that Act) to have contravened a requirement imposed on it by the Authority under that Act.”.\n(2) In paragraph 4 of Part III of that Schedule (matters of which particulars are to be included in the case of a transfer to a specially formed company)—\n(a) the existing text becomes sub-paragraph (1);\n(b) in that sub-paragraph, for the words from “become” to the end substitute “have relevant permission”;\n(c) after that sub-paragraph insert—\n“(2) “Relevant permission” has the meaning given by paragraph 10(2) of Part II of this Schedule.”.\n(3) In paragraph 4 of Schedule 3 to those Regulations (prescribed matters for transfer notification statements)—\n(a) the existing text becomes sub-paragraph (1);\n(b) in that sub-paragraph for the words from “become” to the end substitute “have relevant permission”;\n(c) after that sub-paragraph insert—\n“(2) “Relevant permission” has the meaning given by paragraph 10(2) of Part II of Schedule 1 to these Regulations.”.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 564 in force at 1.12.2001, see art. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3649/article/564",
    "retrieved_at": "2026-10-29T07:23:30.014012+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}