{
  "url": "https://openlegislation.uk/banking-act-2009/section-53",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-53.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/53",
  "kind": "section",
  "number": "53",
  "heading": "Onward and reverse transfers etc",
  "text": "(1) This section applies where—\n(zza) the Bank of England makes a supplemental share transfer instrument under section 26,\n(zzb) the Bank of England makes an onward share transfer instrument under section 26ZA,\n(za) the Bank of England makes a ... reverse share transfer instrument under section 26A,\n(zb) the Treasury makes a supplemental share transfer order under section 27,\n(a) the Treasury make an onward share transfer order under section 28,\n(b) the Treasury makes a reverse share transfer order under section 29,\n(c) the Bank of England makes a resolution company share transfer instrument under section 30,\n(d) the Bank of England makes a resolution company reverse share transfer instrument under section 31,\n(dza) the Bank of England makes a supplemental property transfer instrument under section 42,\n(da) the Bank of England makes a private sector reverse property transfer instrument under section 42A,\n(e) the Bank of England makes an onward property transfer instrument under section 43,\n(f) the Bank of England makes a reverse property transfer instrument under section 44,\n(fa) the Bank of England makes a reverse property transfer instrument under section 44A(2),\n(fb) the Bank of England makes a bridge bank supplemental property transfer instrument under section 44D,\n(fc) the Bank of England makes a bridge bank supplemental reverse property transfer instrument under section 44E,\n(g) the Treasury make a property transfer order under section 45, ...\n(h) the Treasury make a reverse property transfer order under section 46.\n(i) the Bank of England makes a supplemental resolution instrument under section 48U,\n(j) the Bank of England makes an onward transfer resolution instrument under section 48V(2), or\n(k) the Bank of England makes a reverse transfer resolution instrument under section 48W(2) or (3).\n(2) The Treasury may make—\n(a) a compensation scheme order;\n(b) a third party compensation order.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 53(1)(zza) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(a); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 53(1)(zzb) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 16(a)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 53(1)(za) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(9)(a), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 53(1)(za) omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 16(b)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 53(1)(zb) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(b); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 53(1)(c) substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 64"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in s. 53(1)(d) substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 64"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "S. 53(1)(dza) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(c); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "S. 53(1)(da) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(9)(b), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F10",
      "text": "S. 53(1)(fa) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(d); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "S. 53(1)(fb)(fc) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 16(c)"
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Word in s. 53(1) omitted (31.12.2014) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(e); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "S. 53(1)(i)-(k) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(f); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Word in s. 53 heading inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(g); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 53 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 1"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 53 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/53",
    "retrieved_at": "2026-10-29T09:11:28.246347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}