Financial Intermediaries Act 1996
sec.170Certificate of confirmation (voluntary transfer)
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sec.170 Certificate of confirmation (voluntary transfer)
This section applies to a transfer of engagements following an application under section 168 . The registrar must issue a certificate of confirmation if the registrar is satisfied that— the societies have complied with section 168 ; and the rules, or proposed rules, of the transferee society are adequate; and the certificate of incorporation of the transferor society has been— surrendered to the registrar; or lost or destroyed; and there is no good reason why the transfer should not take effect. s 170 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.170-ssec.1) This section applies to a transfer of engagements following an application under section 168 . (sec.170-ssec.2) The registrar must issue a certificate of confirmation if the registrar is satisfied that— the societies have complied with section 168 ; and the rules, or proposed rules, of the transferee society are adequate; and the certificate of incorporation of the transferor society has been— surrendered to the registrar; or lost or destroyed; and there is no good reason why the transfer should not take effect.
- (a) the societies have complied with section 168 ; and
- (b) the rules, or proposed rules, of the transferee society are adequate; and
- (c) the certificate of incorporation of the transferor society has been— (i) surrendered to the registrar; or (ii) lost or destroyed; and
- (i) surrendered to the registrar; or
- (ii) lost or destroyed; and
- (d) there is no good reason why the transfer should not take effect.
- (i) surrendered to the registrar; or
- (ii) lost or destroyed; and