[109A Scheme reports: ring-fencing transfer schemes]
[109A Scheme reports: ring-fencing transfer schemes]

[(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 affected by the scheme, and