Banking Act 2009 (c. 1)

Part 1 U.K. Special Resolution Regime

Transfer of securities U.K.

15 Share transfer instrument U.K.

(1) A share transfer instrument is an instrument which—

(a) provides for securities issued by a specified bank to be transferred;

(b) makes other provision for the purposes of, or in connection with, the transfer of securities issued by a specified bank (whether or not the transfer has been or is to be effected by that instrument, by another share transfer instrument or otherwise).

(2) A share transfer instrument may relate to—

(a) specified securities, or

(b) securities of a specified description.

Commencement Information

I1 S. 15 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1