Article 40 Property transfer instrument: procedure

Section 41 (procedure)^f1 is amended as follows.

In subsection (2) omit the “and” after paragraph (a) and after paragraph (b) insert—

“, and

(c)

if securities issued by the bank have been admitted to trading on a regulated market (within the meaning of section 103(1) of the Financial Services and Markets Act 2000), by means of a regulatory information service (within the meaning of section 313D^f2 of that Act),

and arrange for the publication of a copy on the internet website of the bank in respect of which the instrument was made.”.

After subsection (3) insert—

“(4)

In this section references to a “bank” include a resolution company even if it is not a bank.”.