The Bank Recovery and Resolution Order 2014 No. 3329

Restriction of partial transfers U.K.

47.  In section 47 (restriction of partial transfers)(1), after subsection (1) insert—

“(1A) In subsection (1) the reference to a “bank” includes a resolution company (even if it is not a bank).”.

Commencement Information

I1 Art. 47 in force at 1.1.2015, see art. 1(2)

(1)

Section 47 was amended by section 96 of the Financial Services Act 2012 (c.21).