Sainsbury's Bank Plc, Re
The scheme satisfies all statutory requirements under FSMA, including solvency, authorisation, and notification. There is no material adverse effect on customers or stakeholders, and appropriate mitigations are in place for any identified detriment. The court is satisfied that the scheme is fair and appropriate and sanctions the transfer.
Source excerpt
- Business transfer scheme
- Fsma part vii transfer
- Customer protection
- Regulatory compliance
- Solvency requirements