Financial Intermediaries Act 1996
sec.173Certificate of confirmation (transfer by direction)
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sec.173 Certificate of confirmation (transfer by direction)
This section applies to a transfer of engagements by a direction under section 171 . If the transfer takes effect immediately, the direction must be accompanied by a certificate of confirmation. If the transfer does not take effect immediately— the direction must state the day when the registrar proposes to issue the certificate of confirmation; and when the registrar is satisfied that the societies have complied with the direction, the registrar must issue a certificate of confirmation. s 173 amd 1999 No. 27 s 76 sch 1 pt 2 (sec.173-ssec.1) This section applies to a transfer of engagements by a direction under section 171 . (sec.173-ssec.2) If the transfer takes effect immediately, the direction must be accompanied by a certificate of confirmation. (sec.173-ssec.3) If the transfer does not take effect immediately— the direction must state the day when the registrar proposes to issue the certificate of confirmation; and when the registrar is satisfied that the societies have complied with the direction, the registrar must issue a certificate of confirmation.
- (a) the direction must state the day when the registrar proposes to issue the certificate of confirmation; and
- (b) when the registrar is satisfied that the societies have complied with the direction, the registrar must issue a certificate of confirmation.