OpenLegislation

Article 16 Onward and reverse transfers

In section 53(1) (onward and reverse transfers) M1—

(a)

after paragraph (zza) insert—

“(zzb)

the Bank of England makes an onward share transfer instrument under section 26ZA,”;

(b)

in paragraph (za) omit the words “private sector”;

(c)

after paragraph (fa) insert—

“(fb)

the Bank of England makes a bridge bank supplemental property transfer instrument under section 44D,

(fc)

the Bank of England makes a bridge bank supplemental reverse property transfer instrument under section 44E,”.

Annotations

Marginal citations

M1

Section 53(1) has been amended by section 97 of the Financial Services Act 2012 (c.21), paragraphs 1 and 6 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 and S.I. 2014/3329.

Notes on the whole SI

Textual amendments

F1

Order revoked (14.12.2023 for the revocation of art. 42) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(xvi)