{
  "url": "https://openlegislation.uk/banking-act-2009/section-15",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-15.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/15",
  "kind": "section",
  "number": "15",
  "heading": "Share transfer instrument",
  "text": "(1) A share transfer instrument is an instrument which—\n(a) provides for securities issued by a specified bank to be transferred;\n(b) makes other provision for the purposes of, or in connection with, the transfer of securities issued by a specified bank (whether or not the transfer has been or is to be effected by that instrument, by another share transfer instrument or otherwise).\n(1A) Where the Bank of England requires a recapitalisation payment to be made under section 214E of the Financial Services and Markets Act 2000 in respect of a specified bank, a share transfer instrument may include provision requiring the specified bank to issue securities.\n(2) A share transfer instrument may relate to—\n(a) specified securities, or\n(b) securities of a specified description.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 15(1A) inserted (16.7.2025) by Bank Resolution (Recapitalisation) Act 2025 (c. 15), ss. 7(4), 8(2); S.I. 2025/872, reg. 2(g)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 15 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/15",
    "retrieved_at": "2026-10-29T09:11:28.246347+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}