The Bank Recovery and Resolution Order 2014

Procedure: share transfer instruments

This section has no associated Explanatory Memorandum

29.  In section 24 (procedure: share transfer instruments)(1), in subsection (2) omit the “and” after paragraph (a) and after paragraph (b) insert

, and

(c)if securities issued by the bank have been admitted to trading on a regulated market (within the meaning of section 103(1) of the Financial Services and Markets Act 2000), by means of a regulatory information service (within the meaning of section 313D of that Act)(2),

and arrange for the publication of a copy on the internet website of the bank in respect of which the instrument was made..

(1)

Section 24 was amended by paragraph 12 of Schedule 17 to the Financial Services Act 2012 (c.21).

(2)

Section 313D was inserted into the Financial Services and Markets Act 2000 by SI 2007/126. The definition of “regulatory information service” was inserted by SI 2010/1193.