Section 234B | [ Transfers Of Liability] | Financial Services And Markets Act 2000 C8 | LexisNexis

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[234B Transfers of liability]

[234B Transfers of liability]

Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[(1) This section applies where a person (the “successor”) has assumed a liability (including a contingent one) of a person (the “predecessor”) who was, or (apart from this section) would have been, the respondent in respect of a complaint falling to be dealt with under the ombudsman scheme.

(2) The complaint may (but need not) be dealt with under this Part as if the successor were the respondent.]

Part I . . .

[Part 1A The Regulators]

Part II Regulated And Prohibited Activities

Part III Authorisation And Exemption

Part IV . . .

[Part 4A Permission To Carry On Regulated Activities]

Part V Performance Of Regulated Activities

Part VI Official Listing

Part VII Control Of Business Transfers

[Part VIII Provisions Relating To Market Abuse]

[Part 8A Short Selling]

Part IX Hearings And Appeals

[Part 9A Rules And Guidance]

[Part 9B Ring-Fencing]

Part X . . .

Part XI Information Gathering And Investigations

Part XII Control Over Authorised Persons

[Part 12A Powers Exercisable In Relation To Parent Undertakings]

Part XIII Incoming Firms: Intervention By [FCA Or PRA]

[Part XIIIA Enhanced Supervision Of Firms Exercising Rights Under The Insurance Distribution Directive]

Part XIV Disciplinary Measures

Part XV The Financial Services Compensation Scheme

[Part 15A Power To Require FSCS Manager To Act In Relation To Other Schemes]

Part XVI The Ombudsman Scheme

The scheme

225 The scheme and the scheme operator

226 Compulsory jurisdiction

[226A . . .]

227 Voluntary jurisdiction

Determination of complaints

228 Determination under the compulsory jurisdiction

229 Awards

230 Costs

[230A Reports of determinations]

Information

231 Ombudsman's power to require information

232 Powers of court where information required

[232A Scheme operator's duty to provide information to FCA]

233 Data protection

Funding

234 Industry funding

[234A . . .]

[Successors to businesses]

[234B Transfers of liability]

[Part 16A Consumer Protection And Competition]

Part XVII Collective Investment Schemes

[Part XVIIA Transformer Vehicles]

[Part XVIII Recognised Investment Exchanges, Clearing Houses And Csds]

[Part 18A Suspension And Removal Of Financial Instruments From Trading]

Part XIX Lloyd's

Part XX Provision Of Financial Services By Members Of The Professions

[Part 20A . . .]

[Part XXB Illegal Money Lending]

[Part XXC Politically Exposed Persons: Money Laundering And Terrorist Financing]

Part XXI Mutual Societies

Part XXII Auditors And Actuaries

Part XXIII Public Record, Disclosure Of Information And Co-Operation

Part XXIV Insolvency

Part XXV Injunctions And Restitution

Part XXVI Notices

Part XXVII Offences

Part XXVIII Miscellaneous

Part XXIX Interpretation

Part XXX Supplemental