# The Banking Act 2009 (Bank Administration) (Modification for Application to Multiple Transfers) Regulations 2009, Regulation 3: Modification of Part 3 where more than one property transfer instrument is made in respect of a bank in temporary public ownership

Extent: E+W+S+N.I.

(1) The modifications of Part 3 of the Act listed in the Table to the Schedule apply with the general modifications specified in paragraph (2) where—
(a) the Treasury make a share transfer order, in respect of the securities issued by a bank (or a bank’s holding company), in accordance with section 13(2) of the Act,
(b) the Treasury make more than one property transfer instrument in respect of the bank under section 45(2) of the Act, and
(c) Part 3 applies to the bank by virtue of section 149 and 152 of the Act.
(2) The general modifications to the Table to the Schedule are—
(a) a reference to “the Bank of England” is a reference to “the Treasury”;
(b) a reference to a “private sector purchaser” is a reference to a “private sector transferee”;
(c) a reference to a “bridge bank” is a reference to an “onward public sector transferee”.

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Source: https://www.legislation.gov.uk/uksi/2009/313/regulation/3 (the official version)
Page: https://openlegislation.uk/banking-act-2009-bank-administration-modification-for-application-to-multiple-transfers-regulations-2009/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.