{
  "url": "https://openlegislation.uk/draft-bradford-bingley-plc-compensation-scheme-order-2008/schedule/paragraph-3",
  "json_url": "https://openlegislation.uk/draft-bradford-bingley-plc-compensation-scheme-order-2008/schedule/paragraph-3.json",
  "legislation": "ukdsi/2008/9780111471180",
  "legislation_title": "The Bradford & Bingley plc Compensation Scheme Order 2008",
  "legislation_url": "https://openlegislation.uk/draft-bradford-bingley-plc-compensation-scheme-order-2008",
  "path": "schedule/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": "Transfer of Bradford & Bingley shares",
  "text": "(1) The amount of any compensation payable by the Treasury to persons who held shares in Bradford & Bingley immediately before they were transferred by the Transfer Order shall be determined in accordance with this paragraph.\n(2) The amount of compensation payable to a person shall be an amount equal to the value immediately before the transfer time of all shares in Bradford & Bingley held immediately before the transfer time by that person.\n(3) For the purposes of this Scheme, the holders of shares in Bradford & Bingley, and the class and number of shares held by them, shall be identified by reference to—\n(a) the Operator register of members of Bradford & Bingley; and\n(b) the issuer register of members of Bradford & Bingley,\nfollowing the reconciliation required by article 4(4) of the Transfer Order.\n(4) In sub-paragraph (3) “issuer register of members” and “Operator register of members” have the meanings given in the Uncertificated Securities Regulations 2001.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2001/3755; there are amending instruments but none is relevant."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2008/9780111471180/schedule/paragraph/3",
    "retrieved_at": "2026-10-30T14:58:23.201151+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}