- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/01/2015)
- Gwreiddiol (Fel y'i Deddfwyd)
Version Superseded: 16/12/2016
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Banking Act 2009, Section 53 is up to date with all changes known to be in force on or before 14 August 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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(1)This section applies where—
[F2(zza)the Bank of England makes a supplemental share transfer instrument under section 26,]
[F3(za)the Bank of England makes a private sector reverse share transfer instrument under section 26A,]
[F4(zb)the Treasury makes a supplemental share transfer order under section 27,]
(a)the Treasury make an onward share transfer order under section 28,
(b)the Treasury makes a reverse share transfer order under section 29,
(c)the Bank of England makes a [F5resolution company] share transfer instrument under section 30,
(d)the Bank of England makes a [F6resolution company] reverse share transfer instrument under section 31,
[F7(dza)the Bank of England makes a supplemental property transfer instrument under section 42,]
[F8(da)the Bank of England makes a private sector reverse property transfer instrument under section 42A,]
(e)the Bank of England makes an onward property transfer instrument under section 43,
(f)the Bank of England makes a reverse property transfer instrument under section 44,
[F9(fa)the Bank of England makes a reverse property transfer instrument under section 44A(2),]
(g)the Treasury make a property transfer order under section 45, F10...
(h)the Treasury make a reverse property transfer order under section 46.
[F11(i)the Bank of England makes a supplemental resolution instrument under section 48U,
(j)the Bank of England makes an onward transfer resolution instrument under section 48V(2), or
(k)the Bank of England makes a reverse transfer resolution instrument under section 48W(2) or (3).]
(2)The Treasury may make—
(a)a compensation scheme order;
(b)a third party compensation order.
Textual Amendments
F1Word in s. 53 heading inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(g); S.I. 2014/3160, art. 2(1)(b)
F2S. 53(1)(zza) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(a); S.I. 2014/3160, art. 2(1)(b)
F3S. 53(1)(za) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(9)(a), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F4S. 53(1)(zb) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(b); S.I. 2014/3160, art. 2(1)(b)
F5Words in s. 53(1)(c) substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 64
F6Words in s. 53(1)(d) substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 64
F7S. 53(1)(dza) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(c); S.I. 2014/3160, art. 2(1)(b)
F8S. 53(1)(da) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(9)(b), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F9S. 53(1)(fa) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(d); S.I. 2014/3160, art. 2(1)(b)
F10Word in s. 53(1) omitted (31.12.2014) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(e); S.I. 2014/3160, art. 2(1)(b)
F11S. 53(1)(i)-(k) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(4)(f); S.I. 2014/3160, art. 2(1)(b)
Commencement Information
I1S. 53 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 1
I2S. 53 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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