Article 44 Bridge bank: reverse property transfer

(1)

Section 44 (bridge bank: reverse property transfer)^f1 is amended as follows.

(2)

For “bridge bank”, in each place it occurs, substitute “resolution company”.

(3)

In subsection (1), after “12(2)” insert “or 12ZA(3)”.

(4)

In subsection (5) after “8” insert “, 8ZA”.

(5)

Accordingly, in the heading of that section, for “Bridge bank” substitute “Resolution company”.

Annotations

f1: Section 44 was amended by section 97 and paragraph 23 of Schedule 17 to the Financial Services Act 2012 (c.21), paragraph 16 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 (c.33).