Article 29 Effect of transfer of insurance businessI1

In section 444A (effect of transfer of long-term insurance business)^f1 for subsection (1) substitute—

“(1)

Subject to subsection (7) below, this section applies where an insurance business transfer scheme has effect to transfer long-term business from one person (“the transferor”) to another (“the transferee”).”.

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.