# The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001, Article 28: Transfer of assets etc.

Extent: E+W+S+N.I.

(1) In section 440(2) (transfer of assets of insurance company) for paragraph (a) substitute—
“(a) an asset is acquired by a company as a result of an insurance business transfer scheme which has effect to transfer long-term business from any person (“the transferor”) to the company, and”.
(2) This Article has effect in relation to any transfer under a scheme falling within section 105 of the Financial Services and Markets Act 2000, including an excluded scheme falling within Case 2, 3 or 4 of subsection (3) of that section.

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Source: https://www.legislation.gov.uk/uksi/2001/3629/article/28 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-consequential-amendments-taxes-order-2001/article-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.