Transfer to resolution company63.

(1)

In section 52 (transfer to bridge bank)74, for subsection (1) substitute—

“(1)

This section applies if the Bank of England makes—

(a)

a share transfer instrument or a property transfer instrument under section 12(2), or

(b)

a property transfer instrument under section 12ZA(3).”.

(2)

Accordingly, in the heading of that section, for “bridge bank” substitute “resolution company”.