Restriction of partial transfers
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Memorandwm Esboniadol
47. In section 47 (restriction of partial transfers)(1), after subsection (1) insert—
“(1A) In subsection (1) the reference to a “bank” includes a resolution company (even if it is not a bank).”.
(1)
Section 47 was amended by section 96 of the Financial Services Act 2012 (c.21).