Versions

 

GEN 12.1.4

A transfer scheme, other than a scheme referred to in Rule 12.1.3, is not required to be sanctioned by a Court order to be effective if:

(a) all of the Clients of the Authorised Firm who will be affected by the transfer scheme have consented to it;
(b) the transfer scheme is expressly permitted under agreements between the Authorised Firm or transferee and the Clients of the Authorised Firm who will be affected by the scheme and any procedures in the agreements for giving effect to the scheme have been complied with; or
(c) the DFSA has consented in writing to the transfer scheme under Rule 12.1.5.
Derived from DFSA RM155/2015 (Made 9th December 2015) [VER35/02-16]