Article 43 Onward transfer

(1)

Section 43 (onward transfer)^f1 is amended as follows.

(2)

In subsection (1)—

(a)

for “bridge bank” substitute “resolution company”, and

(b)

after “12(2)” insert “or 12ZA(3)”.

(3)

In subsection (3), for “bridge bank”, in both places, substitute “resolution company”.

(4)

In subsection (4), for “bridge bank” substitute “resolution company”.

(5)

In subsection (6), after “8” insert “, 8ZA”.

Annotations

f1: Section 43 was amended by paragraph 22 of Schedule 17 to the Financial Services Act 2012 (c.21).