The Bank Recovery and Resolution Order 2014 No. 3329

Property transfer instruments: delisting U.K.

39.  After section 39A(1) insert—

Property transfer instrument: delisting

39B.— (1) A property transfer instrument may provide for the listing of securities, under section 74 of the Financial Services and Markets Act 2000(2), to be discontinued or suspended.

(2) Where the listing of securities is suspended in accordance with a property transfer instrument, those securities are to be treated for the purposes of section 96 of, and paragraph 23(6) of Schedule 1ZA to, the Financial Services and Markets Act 2000(3) as still being listed.”.

Commencement Information

I1 Art. 39 in force at 1.1.2015, see art. 1(2)

(1)

Section 39A was inserted by section 102 of the Financial Services Act 2012 (c.21), amended by SI 2013/504.

(2)

2000 c.8. Section 74 was amended by section 16 of the Financial Services Act 2012 (c.21), SI 2005/381.

(3)

Section 96 was amended by section 16 of the Financial Services Act 2012 (c.21); Schedule 1ZA was inserted in the Financial Services and Markets Act 2000 by Schedule 3 to the Financial Services Act 2012 (c.21).