OpenLegislation

Paragraph 1

The property, rights and liabilities that may be transferred by or under an order under section 6 include—

(a)

property, rights and liabilities that would not be capable of being assigned or otherwise transferred by the relevant deposit-taker;

(b)

property, rights and liabilities acquired or incurred in the period between the making of the order and the transfer date;

(c)

rights and liabilities arising on or after the transfer date in respect of matters occurring before that date;

(d)

rights and liabilities under any pension scheme or under any other arrangement for the payment of pensions, allowances and gratuities;

(e)

property situated outside the United Kingdom and rights and liabilities under the law of a place outside the United Kingdom;

(f)

rights and liabilities under an enactment or F1EU instrument.

Annotations

Textual amendments

F1

Words in Act substituted (22.4.2011) by The Treaty of Lisbon (Changes in Terminology) Order 2011 (S.I. 2011/1043), arts. 2, 3, 6 (with art. 3(2)(3)4(2)6(4)6(5))