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Banking (Special Provisions) Act 2008

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8(1)In this Schedule—

  • “the relevant deposit-taker”, in relation to an order under section 6, means the authorised UK deposit-taker in relation to which the order is made;

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

  • “the transferee” means the person to whom property, rights or liabilities are transferred by or under an order under section 6;

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

(2)If provision is made by or under an order under section 6 for any transfer to take place at a particular time on a particular date, then in relation to that transfer—

(a)references to the transfer date are to that time on that date; and

(b)references to things occurring before or on or after the transfer date are references to things occurring before or at or after that time on that date.

(3)In this Schedule any reference to anything transferred by or under a particular order under section 6 includes a reference to anything transferred by or under any other order under that section.

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