The Bank Recovery and Resolution Order 2014 No. 3329

Onward transfer

43.—(1) Section 43 (onward transfer)(1) is amended as follows.

(2) In subsection (1)—

(a) for “bridge bank” substitute “resolution company”, and

(b) after “12(2)” insert “or 12ZA(3)”.

(3) In subsection (3), for “bridge bank”, in both places, substitute “resolution company”.

(4) In subsection (4), for “bridge bank” substitute “resolution company”.

(5) In subsection (6), after “8” insert “, 8ZA”.

(1)

Section 43 was amended by paragraph 22 of Schedule 17 to the Financial Services Act 2012 (c.21).