Modifications etc. (not altering text)
C1Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2
C2Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2
Textual Amendments
F1Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7
[F3(1)This section applies where the Bank of England has made—
(a)a property transfer instrument in respect of a resolution company in accordance with section 12(2) or 12ZA(3), or
(b)a share transfer instrument in respect of a resolution company in accordance with section 12(2).]
(2)The Bank of England may make one or more [F4resolution company] share transfer instruments.
(3)A [F4resolution company] share transfer instrument is a share transfer instrument which—
(a)provides for securities issued by the [F4resolution company] to be transferred;
(b)makes other provision for the purposes of, or in connection with, the transfer of securities issued by the [F4resolution company] (whether the transfer has been or is to be effected by that instrument, by another share transfer instrument or otherwise).
(4)Sections 7 and 8 do not apply to a [F4resolution company] share transfer instrument (but it is to be treated in the same way as any other share transfer instrument for all other purposes, including for the purposes of the application of a power under this Part).
(5)Before making a [F4resolution company] share transfer instrument the Bank of England must consult—
[F5(a)the PRA,
(aa)the FCA, and]
(b)the Treasury.
(6)Section 26 applies where the Bank of England has made a [F4resolution company] share transfer instrument.
Textual Amendments
F2Words in s. 30 heading substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 33(4)
F3S. 30(1) substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 33(2)
F4Words in s. 30(2)-(6) substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 33(3)
F5S. 30(5)(a)(aa) substituted for s. 30(5)(a) (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 18 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 30 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1