86. Application for an order sanctioning a scheme

(1) An Application in relation to a firm may be made to the Court for an order sanctioning a Transfer Scheme. An Application may be made by —
(a) the person concerned;
(b) the transferee; or
(c) both the person concerned and the transferee.
(2) An Application in relation to a Fund may be made to the Court for an order sanctioning a Transfer Scheme. An Application may be made by —
(a) the Fund concerned;
(b) the Fund Manager, Trustee or auditor of the Fund concerned; or
(c) the transferee.
(3) The Court may grant an order if it considers that it is appropriate in the circumstances to sanction the Transfer Scheme.