The Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) (Amendment) Regulations 2009

• Citation: S.I. 2009/1390
• Sections: 2

Section 1 Citation and commencement

These Regulations may be cited as the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) (Amendment) Regulations 2009 and come into force on 13th July 2009.

Section 2 Amendments to the Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001

The Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001 are amended as follows—

(a) in regulation 1(2) after the definition of “the parties” insert—

“reclaim fund business transfer scheme” has the meaning given by section 106A(1) of the Act ;

(b) for the heading to regulation 5 (Transfer of a banking business) substitute “Transfer of a banking business or a reclaim fund business”;

(c) in regulation 5(1) after “banking business transfer scheme” insert “or reclaim fund business transfer scheme”;

(d) in regulation 6(1) after “banking business transfer scheme” insert “or reclaim fund business transfer scheme”.