(1) This section sets out the conditions which must be satisfied before the court may make an order under this section sanctioning an insurance business transfer scheme[, a banking business transfer scheme[, a reclaim fund business transfer scheme or a ring-fencing transfer scheme]].
(2) The court must be satisfied that—
(a) [in the case of an insurance business transfer scheme or a banking business transfer scheme,] the appropriate certificates have [certificate has] been obtained (as to which see Parts I and II of Schedule 12);
[(aa) in the case of a reclaim fund business transfer scheme, the appropriate certificate has
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