Other amendments of the Act
29After section 152 insert—
“152AProperty transfer from transferred institution
(1)This section applies where the Bank of England—
(a)makes a resolution instrument that transfers securities issued by a bank (or a bank’s parent undertaking), in accordance with section 12A(2), and
(b)later makes a property transfer instrument from the bank or from another bank which is or was in the same group as the bank, in accordance with section 41A(2).
(2)This Part applies to the transferor under the property transfer instrument made in accordance with section 41A(2) as to the transferor under a property transfer instrument made in accordance with section 12(2).
(3)For that purpose this Part applies with any modifications specified by the Treasury in regulations; and any regulations—
(a)are to be made by statutory instrument, and
(b)may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.”