Article 10 Financial markets, termination rights and continuity power
United Kingdom
(1)
This article applies where a partial property transfer has been made in contravention of article 7 F1...or any other provision of this Order which relates to the exercise of the continuity powers.
(2)
The partial property transfer is void in so far as it is made in contravention of those provisions of the Order.
Annotations
Textual amendments
- F1
Word in art. 10(1) omitted (1.1.2015) by virtue of The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 125(6)