Appropriate certificates
9B.For the purposes of section 111(2) the appropriate certificates, in relation to a ring-fencing transfer scheme, are -
(a) a certificate given by the PRA certifying its approval of the application, and
(b) a certificate under paragraph 9C.
(2) This sub-paragraph applies if the transferee is an EEA firm falling within paragraph 5(a) or (b) of Schedule 3.
Certificate as to financial resources
(1) A certificate under this paragraph is one given by the relevant authority and certifying that, taking the proposed transfer into account, the transferee possesses, or will possess before the scheme takes effect, adequate financial resources.
(2) ''Relevant authority'' means -
(a) if the transferee is a PRA-authorised person with a Part 4A permission, the PRA;
(b) [deleted]
(c) if the transferee does not fall within paragraph (a) but is subject to regulation in a country or territory outside the United Kingdom, the authority responsible for the supervision of the
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