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Banking Act 2009

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Changes over time for: Section 37

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Point in time view as at 31/12/2020.

Changes to legislation:

Banking Act 2009, Section 37 is up to date with all changes known to be in force on or before 18 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. Help about Changes to Legislation

37LicencesU.K.
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(1)A licence in respect of anything transferred by property transfer instrument shall continue to have effect despite the transfer.

(2)A property transfer instrument may disapply subsection (1) to a specified extent.

(3)Where a licence imposes rights or obligations, a property transfer instrument may apportion responsibility for exercise or compliance between transferor and transferee.

(4)In this section “licence” includes permission and approval and any other permissive document in respect of anything transferred.

Commencement Information

I1S. 37 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1

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