Banking Act 2009

53 Onward and reverse transfers

(1) This section applies where—

(a) the Treasury make an onward share transfer order under section 28,

(b) the Treasury makes a reverse share transfer order under section 29,

(c) the Bank of England makes a bridge bank share transfer instrument under section 30,

(d) the Bank of England makes a bridge bank reverse share transfer instrument under section 31,

(e) the Bank of England makes an onward property transfer instrument under section 43,

(f) the Bank of England makes a reverse property transfer instrument under section 44,

(g) the Treasury make a property transfer order under section 45, or

(h) the Treasury make a reverse property transfer order under section 46.

(2) The Treasury may make—

(a) a compensation scheme order;

(b) a third party compensation order.