An application was made for waiver to allow the transfer of liabilities from Lloyds names to named insurance company.
Held: Such an application required a scheme report, but that report did not have to be in place at the time the application was launched provided it was available before the order was made.
Judges:
Floyd J
Citations:
Times 22-Dec-2008
Statutes:
Financial Services and Markets Act 2000 109(1), Financial Services and Markets Act 2000 (Control of Business Transfers) (Requirements on Applicants) Regulations 2001 (SI 2001 No 3625
Jurisdiction:
England and Wales
Financial Services
Updated: 10 September 2022; Ref: scu.316674