# Banking Act 2009, Section 41A: Transfer of property subsequent to resolution instrument

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

(1) This section applies where the Bank of England has made a resolution instrument.
(2) The Bank of England may make one or more property transfer instruments in respect of property, rights or liabilities of the bank.
(3) Section 7 does not apply to a property transfer instrument under subsection (2).
(4) Before making a property transfer instrument under subsection (2) the Bank of England must consult—
(a) the PRA,
(b) the FCA, and
(c) the Treasury.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/41A (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-41A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.