# The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities (Amendment) Order 2009, Article 2: Amendments to the Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008


The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008 is amended as follows—
(a) in article 14—
(i) in paragraph (1), for “(net of all costs and liabilities incurred by Deposits Management (Edge)) in connection with the first or second transfer or its obligations under this Order” substitute “(net of all costs and liabilities incurred by Deposits Management (Edge) in connection with the first or second transfer or its obligations under this Order)”;
(ii) after paragraph (5), insert—
“(5A) If the Treasury, the FSCS, Kaupthing and ING agree that it is not appropriate or reasonable to make (or to continue to make) the revisions specified in paragraph (5)(a) and (b), no revision (or no further revision) may be made under those provisions.”;
(b) in article 16(5), for “relevant qualifying deposit” substitute “relevant protected deposit”;
(c) in article 21(11)(c), omit the words from “and the Treasury” to the end.

---
Source: https://www.legislation.gov.uk/uksi/2009/308/article/2 (the official version)
Page: https://openlegislation.uk/kaupthing-singer-friedlander-limited-transfer-of-certain-rights-and-liabilities-amendment-order-2009/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.