Onward and reverse transfers
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Memorandwm Esboniadol
16. In section 53(1) (onward and reverse transfers)(1)—
(a)after paragraph (zza) insert—
“(zzb)the Bank of England makes an onward share transfer instrument under section 26ZA,”;
(b)in paragraph (za) omit the words “private sector”;
(c)after paragraph (fa) insert—
“(fb)the Bank of England makes a bridge bank supplemental property transfer instrument under section 44D,
(fc)the Bank of England makes a bridge bank supplemental reverse property transfer instrument under section 44E,”.
(1)
Section 53(1) has been amended by section 97 of the Financial Services Act 2012 (c.21), paragraphs 1 and 6 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 and S.I. 2014/3329.