# Banking Act 2009, Section 15: Share transfer instrument


(1) A share transfer instrument is an instrument which—
(a) provides for securities issued by a specified bank to be transferred;
(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).
(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.
(2) A share transfer instrument may relate to—
(a) specified securities, or
(b) securities of a specified description.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/15 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.