The Bank Recovery and Resolution Order 2014 No. 3329

Effect of a transfer U.K.

24.—(1) Section 17 (effect of a share transfer instrument or order)(1) is amended as follows.

(2) In subsection (1), after “order” insert “, by a mandatory reduction instrument”.

(3) In subsection (5), after “order” insert “, a mandatory reduction instrument”.

(4) In subsection (6), after “order” insert “, a mandatory reduction instrument”.

Commencement Information

I1 Art. 24 in force at 1.1.2015, see art. 1(2)

(1)

Section 17 was amended by paragraph 14 of Schedule 2 to the Financial Services (Banking Reform) Act 2013.