Asset management vehicles: share transfers33

1

Section 30 (bridge bank: share transfers)49 is amended as follows.

2

For subsection (1) substitute—

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).

3

In subsections (2) to (6), for “bridge bank”, in each place it occurs, substitute “resolution company”.

4

Accordingly, in the heading for section 30, for “Bridge bank:” substitute “Resolution company:”.