Article 16 Onward and reverse transfers

In section 53(1) (onward and reverse transfers)^f1—

(a)

after paragraph (zza) insert—

“(zzb)
the Bank of England makes an onward share transfer instrument under section 26ZA,”;

(b)

in paragraph (za) omit the words “private sector”;

(c)

after paragraph (fa) insert—

“(fb)
the Bank of England makes a bridge bank supplemental property transfer instrument under section 44D,

(fc)
the Bank of England makes a bridge bank supplemental reverse property transfer instrument under section 44E,”.

Annotations

Footnotes

f1: Section 53(1) has been amended by section 97 of the Financial Services Act 2012 (c.21), paragraphs 1 and 6 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 and S.I. 2014/3329.