Transfer to resolution company
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Memorandwm Esboniadol
63.—(1) In section 52 (transfer to bridge bank)(1), for subsection (1) substitute—
“(1) This section applies if the Bank of England makes—
(a)a share transfer instrument or a property transfer instrument under section 12(2), or
(b)a property transfer instrument under section 12ZA(3).”.
(2) Accordingly, in the heading of that section, for “bridge bank” substitute “resolution company”.
(1)
Section 52 was amended by paragraph 6(2) of Schedule 2 to the Financial Services (Banking Reform) Act 2013 (c.33).