# The Bradford & Bingley plc Compensation Scheme Order 2008, Paragraph 3: Transfer of Bradford & Bingley shares


(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.
(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.
(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—
(a) the Operator register of members of Bradford & Bingley; and
(b) the issuer register of members of Bradford & Bingley,
following the reconciliation required by article 4(4) of the Transfer Order.
(4) In sub-paragraph (3) “issuer register of members” and “Operator register of members” have the meanings given in the Uncertificated Securities Regulations 2001.

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Source: https://www.legislation.gov.uk/ukdsi/2008/9780111471180/schedule/paragraph/3 (the official version)
Page: https://openlegislation.uk/draft-bradford-bingley-plc-compensation-scheme-order-2008/schedule/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.