Part 1

Special Resolution Regime
Chapter 3

Special resolution action

Transfer of securities

Interpretation: “securities”
14
1
In this Part “securities” includes anything falling within any of the following classes.
2
Class 1: shares and stock.
3
Class 2: debentures, including—
a
debenture stock,
b
loan stock,
c
bonds,
d
certificates of deposit, and
e
any other instrument creating or acknowledging a debt.
4
Class 3: warrants or other instruments that entitle the holder to acquire anything in Class 1 or 2.
5
Class 4: rights which—
a
are granted by a deposit-taker, and
b
form part of the deposit-taker's own funds for the purposes of Title 1 of Part 2 of the capital requirements regulation.
S. 14 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1
Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2
Words in s. 14(5)(b) substituted (1.1.2014) by The Capital Requirements Regulations 2013 (S.I. 2013/3115), reg. 1(2), Sch. 2 para. 45(2)
Pt. 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
Pt. 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
Words in s. 14(5)(b) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 17; 2020 c. 1, Sch. 5 para. 1(1)