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Banking (Special Provisions) Act 2008

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9(1)In this Schedule—

  • “distributions or other relevant amounts” includes dividends, payments of interest, principal or capital, premiums and other payments arising in connection with securities transferred by an order under section 3;

  • “former holder”, in relation to transferred securities, means a person holding the securities before the transfer date;

  • “the relevant deposit-taker”, in relation to an order under section 3, means the authorised UK deposit-taker in relation to which the order is made;

  • “remuneration” includes any benefit in kind;

  • “register of securities” means a register of members or any other register of the holders of securities;

  • “specified purposes” include the purposes of any specified statutory provision;

  • “the transferee” means the person to whom securities are transferred by an order under section 3;

  • “the transfer date” means (subject to sub-paragraph (2)) the date on which such a transfer takes place.

(2)If an order under section 3 provides for any transfer to take place at a particular time on a particular date, then in relation to that transfer, references to the transfer date are to that time on that date.

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