# Banking Act 2009, Section 53: Onward and reverse transfers etc

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

(1) This section applies where—
(zza) the Bank of England makes a supplemental share transfer instrument under section 26,
(zzb) the Bank of England makes an onward share transfer instrument under section 26ZA,
(za) the Bank of England makes a ... reverse share transfer instrument under section 26A,
(zb) the Treasury makes a supplemental share transfer order under section 27,
(a) the Treasury make an onward share transfer order under section 28,
(b) the Treasury makes a reverse share transfer order under section 29,
(c) the Bank of England makes a resolution company share transfer instrument under section 30,
(d) the Bank of England makes a resolution company reverse share transfer instrument under section 31,
(dza) the Bank of England makes a supplemental property transfer instrument under section 42,
(da) the Bank of England makes a private sector reverse property transfer instrument under section 42A,
(e) the Bank of England makes an onward property transfer instrument under section 43,
(f) the Bank of England makes a reverse property transfer instrument under section 44,
(fa) the Bank of England makes a reverse property transfer instrument under section 44A(2),
(fb) the Bank of England makes a bridge bank supplemental property transfer instrument under section 44D,
(fc) the Bank of England makes a bridge bank supplemental reverse property transfer instrument under section 44E,
(g) the Treasury make a property transfer order under section 45, ...
(h) the Treasury make a reverse property transfer order under section 46.
(i) the Bank of England makes a supplemental resolution instrument under section 48U,
(j) the Bank of England makes an onward transfer resolution instrument under section 48V(2), or
(k) the Bank of England makes a reverse transfer resolution instrument under section 48W(2) or (3).
(2) The Treasury may make—
(a) a compensation scheme order;
(b) a third party compensation order.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/53 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-53
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.