PART 2U.K.Amendments to the Act

CHAPTER 22U.K.Schedule 12 to the Act: transfer schemes: certificates

Paragraph 2 (certificates as to margin of solvency)U.K.

106.—(1) Paragraph 2 (certificates as to margin of solvency) is amended as follows.

F1(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3) In sub-paragraph (6)—

(a)omit paragraphs (a) and (aa) M1;

(b)in paragraph (c) M2 omit “(a), (aa) or”;

(c)in paragraph (c)(i) and (ii) M3 omit, in each place it occurs, “or with permission under Schedule 4”.

(4) Omit sub-paragraphs (7A) and (9) M4.

Textual Amendments

F1Reg. 106(2) omitted (31.12.2020 immediately before IP completion day) by virtue of The Gibraltar (Miscellaneous Amendments) (EU Exit) Regulations 2019 (S.I. 2019/680), regs. 1(3), 9(6); 2020 c. 1, Sch. 5 para. 1(1)

Commencement Information

I1Reg. 106 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)

Marginal Citations

M1Paragraph (a) was amended by S.I. 2007/3253; paragraph (aa) was substituted by S.I. 2015/575.

M2Paragraph (c) was amended by S.I. 2007/3253.

M3Paragraphs (c)(i) and (ii) were substituted by paragraph 11(4) of Schedule 6 to the Financial Services Act 2012.

M4Sub-paragraphs (7A) and (9) were substituted by S.I. 2015/575.