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Banking Act 2009
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Rhagor o Adnoddau
Changes over time for: Section 18
Alternative versions:
- 17/02/2009- Amendment
- 21/02/2009- Amendment
- 31/12/2014- Amendment
- 01/01/2015- Amendment
- 19/12/2018
Point in time
Status:
Point in time view as at 19/12/2018.
Changes to legislation:
Banking Act 2009, Section 18 is up to date with all changes known to be in force on or before 15 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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18ContinuityU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)A share transfer instrument or order may provide for a transferee to be treated for any purpose connected with the transfer as the same person as the transferor.
(2)A share transfer instrument or order may provide for agreements made or other things done by or in relation to a transferor to be treated as made or done by or in relation to the transferee.
(3)A share transfer instrument or order may provide for anything (including legal proceedings) that relates to anything transferred and is in the process of being done by or in relation to the transferor immediately before the transfer date, to be continued by or in relation to the transferee.
(4)A share transfer instrument or order may modify references (express or implied) in an instrument or document to a transferor.
(5)A share transfer instrument or order may require or permit—
(a)a transferor to provide a transferee with information and assistance;
(b)a transferee to provide a transferor with information and assistance.
[F1(5A)This section applies to a mandatory reduction instrument as it applies to a share transfer instrument; and in relation to a mandatory reduction instrument references in this section to a “transfer” are to a transfer of securities (whether made by that or another mandatory reduction instrument) and “transferor” and “transferee” are to be read accordingly.]
[F2(6)This section applies to a resolution instrument as it applies to a share transfer instrument; and in relation to a resolution instrument references in this section to a “transfer” are to a transfer of securities (whether made by that or another resolution instrument) and “transferor” and “transferee” are to be read accordingly.]
Textual Amendments
F1S. 18(5A) inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 25
F2S. 18(6) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 15; S.I. 2014/3160, art. 2(1)(b)
Commencement Information
I1S. 18 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 1
I2S. 18 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 1
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