The Bank Administration (Sharing Information) Regulations 2009

Regulation 4

SCHEDULE

Table 1: Modifications to Regulations 5 to 10 in cases where section 148 is applied following a transfer from a bank in temporary public ownership to a company wholly owned by the Bank of England

Regulation	Modification or Comment
5	For paragraph (2) substitute— “(2) The classes of information that must be provided by the Treasury to the bank administrator under section 148(2) of the Act, within the period of 5 days beginning with the day on which the bank administrator is appointed, are— (a) an estimate of the net value of the bank before the transfer of property in accordance with a property transfer order made under section 45(2) of the Act, (b) a list of assets and liabilities of the residual bank that have been transferred to the company wholly owned by the Bank of England, including details of— (i) any charged assets and the creditors holding those charges, (ii) any contingent assets transferred to the company wholly owned by the Bank of England, and (iii) any liabilities (including contingent liabilities), and (c) details of any supplemental property transfers or reverse property transfers that have been made, in each case as comprehensive as is reasonably possible and current as at the date it is provided.” After paragraph (2) insert— “(3) The Bank of England must provide to the bank administrator, within the period of 5 days beginning with the day on which the bank administrator is appointed, an estimate of the net value of the company wholly owned by the Bank of England, as comprehensive as is reasonably possible and current as at the date it is provided.”
6	For paragraph (2) substitute— “(2) The classes of information that must be provided by the Bank of England to the bank administrator under section 148(2) of the Act, within the period of 5 days beginning with the day on which the bank administrator is appointed, are— (a) details of the net value of the company wholly owned by the Bank of England, current as at the date on which the information is provided, and (b) an outline of the information provided to a former bank administrator under section 148(2) of the Act, and, where the matters to which that information relates have changed, updated information, current as at the date on which the information is provided.”. After paragraph (2) insert— “(3) The Treasury must provide to the bank administrator, within the period of 5 days beginning with the day on which the bank administrator is appointed, an outline of the information provided to a former bank administrator under section 148(2) of the Act, and, where the matters to which that information relates have changed, updated information, current as at the date on which the information is provided.”.
7	For the heading, substitute “Information to be provided on request by the company wholly owned by the Bank of England to the bank administrator”. For “bridge bank” substitute “company wholly owned by the Bank of England” (in each case). Ignore sub-paragraph (c).
8	For the heading, substitute “Information to be provided on request by the bank administrator to the Treasury and the Bank of England”. After “Bank of England” insert “and the Treasury”. In sub-paragraph (a) after “Bank of England’s” insert “or the Treasury’s”. In sub-paragraphs (d) and (e) substitute “original bank” for residual bank”.
9	For the heading, substitute “Information to be provided on request by the bank administrator to the Treasury and the company wholly owned by the Bank of England” In Regulation 9 (other than in sub-paragraphs (h) and (i)) for “bridge bank” substitute “company wholly owned by the Bank of England and the Treasury”. In sub-paragraphs (h) and (i) for “bridge bank” substitute “company wholly owned by the Bank of England” (in each place). In sub-paragraph (g) for “original bank” substitute “residual bank”.
10	For “the Bank of England and the bridge bank” substitute “the Treasury, the Bank of England and the company wholly owned by the Bank of England”.

Table 2: Modifications to Regulations 5 to 10 in cases where section 148 is applied following a transfer from a bank in temporary public ownership to a company wholly owned by the Treasury or a nominee of the Treasury

Regulation	Modification or Comment
5 to 10	For “the Bank of England” substitute “the Treasury” (in each place). For “bridge bank” substitute “company wholly owned by the Treasury or a nominee of the Treasury” (in each place). For “original bank” substitute “residual bank” (within the meaning of sub-paragraph (b) of the definition of “residual bank” in Regulation 2).
7	Ignore sub-paragraph (c).