# The Bank Recovery and Resolution Order 2014, Article 25: Continuity


In section 18 (continuity following transfer of shares etc), after subsection (5) insert—
“(5A) This section applies to a mandatory reduction instrument as it applies to a share transfer instrument; and in relation to a mandatory reduction instrument references in this section to a “transfer” are to a transfer of securities (whether made by that or another mandatory reduction instrument) and “transferor” and “transferee” are to be read accordingly.”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123782/article/25 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.