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Paragraph 5

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The modifications to the Banking Act 2009 (Bank Administration) (Modification for Application to Banks in Temporary Public Ownership) Regulations 2009 (in addition to the modifications set out in paragraph 2) are—

(a)

in regulation 2(1), for “a share transfer order to transfer the securities of a bank or a bank’s holding company into temporary public ownership”, substitute “an order under section 85 (temporary public ownership) of the Act in respect of a building society”;

(b)

ignore references to a bank holding company.