[(1) An application under section 106B in respect of a ring-fencing transfer scheme must be accompanied by a report on the terms of the scheme (a “scheme report”).
(2) A scheme report may be made only by a person—
(a) appearing to the PRA to have the skills necessary to enable the person to make a proper report, and
(b) nominated or approved for the purpose by the PRA.
(3) A scheme report must be made in a form approved by the PRA.
(4) A scheme report must state—
(a) whether persons other than the transferor concerned are likely to be adversely
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