Part 1Special Resolution Regime
Chapter 3 Special resolution action
Transfer of securities
30F1Resolution company: share transfers
F2(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 F3resolution company share transfer instruments.
(3)
A F3resolution company share transfer instrument is a share transfer instrument which—
(a)
provides for securities issued by the F3resolution company to be transferred;
(b)
makes other provision for the purposes of, or in connection with, the transfer of securities issued by the F3resolution 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 F3resolution 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 F3resolution company share transfer instrument the Bank of England must consult—
F4(a)
the PRA,
(aa)
the FCA, and
(b)
the Treasury.
(6)
Section 26 applies where the Bank of England has made a F3resolution company share transfer instrument.