PART 2

Amendments of the Banking Act 2009 and related provision
CHAPTER 1

Amendments of the Banking Act 2009

Onward and reverse transfers
16
In section 53(1) (onward and reverse transfers) —
a
after paragraph (zza) insert—
zzb
the Bank of England makes an onward share transfer instrument under section 26ZA,
;
b
in paragraph (za) omit the words “private sector”;
c
after paragraph (fa) insert—
fb
the Bank of England makes a bridge bank supplemental property transfer instrument under section 44D,
fc
the Bank of England makes a bridge bank supplemental reverse property transfer instrument under section 44E,
.
Section 53(1) has been amended by section 97 of the Financial Services Act 2012 (c.21), paragraphs 1 and 6 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 and S.I. 2014/3329.