# The Bank Recovery and Resolution Order 2016, Article 16: Onward and reverse transfers


In section 53(1) (onward and reverse transfers)—
(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,”.

---
Source: https://www.legislation.gov.uk/ukdsi/2016/9780111151099/article/16 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2016/article-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.