The Bank Administration (Sharing Information) Regulations 2009

Information to be provided on request by the bank administrator to the bridge bank

9.  The classes of information that must be provided by the bank administrator to the bridge bank on request under section 148(4)(c) of the Act are—

(a) statutory accounts, management accounts and other information including ledgers, cash books, bank statements, invoices and orders in relation to the transferred business,

(b) the following information relating to the transferred business—

(i) financial information relating to property, rights and liabilities,

(ii) personnel records, salary information etc relating to employees, and

(iii) details of any licenses, permissions, approvals and intellectual property rights.

(c) information in relation to contracts, the rights and obligations of which have been transferred to the bridge bank,

(d) information required by public or regulatory bodies (in the United Kingdom and overseas) including FSA or HMRC,

(e) information about customers and suppliers which are part of the transferred business,

(f) information about target customers, channels to market, distribution networks and other marketing and sales material relating to the transferred business,

(g) information about the original bank’s previous trading history required to prepare an investment memorandum,

(h) any other information a potential purchaser asks the bridge bank to provide, and

(i) information in connection with any agreement drawn up between the bank administrator and the bridge bank for the supply by the residual bank of services and facilities to the bridge bank.