http://www.legislation.gov.uk/ukpga/2009/1/section/26ABanking Act 2009An Act to make provision about banking.texttext/xmlenStatute Law Database2026-02-20Expert Participation2026-01-19 Banking Act 2009s. 4(8A) (8B)Financial Services Act 2012s. 96(3)Sch. 20s. 122(3)Banking Act 2009s. 8(2)(d) and wordFinancial Services Act 2012s. 96(4)(b)Sch. 20s. 122(3)Banking Act 2009s. 3(5)The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026reg. 19(4)reg. 1(2) Part 1Chapter 3 26A1This section applies where the Bank of England has made a share transfer instrument in accordance with section 11(2) (“the original instrument”) or 12(2) providing for the transfer of securities issued by a bank to a person (“the original transferee”).2The Bank of England may make one or more ... reverse share transfer instruments in respect of securities issued by the bank and held by the original transferee.2AIf the Bank of England makes an onward share transfer instrument in respect of securities transferred by the original instrument, the Bank may make one or more reverse share transfer instruments in respect of securities issued by the bank and held by a transferee under the onward share transfer instrument (“the onward transferee”).3A ... reverse share transfer instrument is a share transfer instrument which—aprovides for transfer to the transferor under the original instrument (where subsection (2) applies);abprovides for transfer to the original transferee (where subsection (2A) applies);bmakes other provision for the purposes of, or in connection with, the transfer of securities which are, could be or could have been transferred under paragraph (a) or (ab).4The Bank of England must not make a ... reverse share transfer instrument under subsection (2) without the written consent of the original transferee.4AThe Bank of England must not make a reverse share transfer instrument under subsection (2A) unless—athe onward transferee is—ia company wholly owned by the Bank of England,iia company wholly owned by the Treasury, oriiia nominee of the Bank of England or the Treasury, orbthe reverse share transfer instrument is made with the written consent of the onward transferee.5Sections 7, 8 and 50 do not apply to a ... reverse 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).6Before making a ... reverse share transfer instrument the Bank of England must consult—athe PRA,bthe FCA, andcthe Treasury.7Section 26 applies where the Bank of England has made a ... reverse share transfer instrument.Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2S. 26A inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(2), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.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. 2Pt. 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), 7S. 26A(2A) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(c)S. 26A(4A) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(f)Words in s. 26A heading omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(g)(i)Word in s. 26A heading inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(g)(ii)Words in s. 26A(1) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(a)Words in s. 26A(3)(a) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(d)(i)S. 26A(3)(ab) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(d)(ii)Words in s. 26A(3)(b) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(d)(iii)Words in s. 26A(4) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(e)Words in s. 26A(2)-(7) omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 10(1)(b)