Banking (Special Provisions) Act 2008 Explanatory Notes

1. Introduction

2. Background

3. Summary

4. Territorial Extent

5. Commentary on Clauses and Schedules

   1. Introduction

      1. Section 1: Meaning of “authorised UK deposit-taker”

      2. Section 2:  Cases where Treasury’s powers are exercisable

   2. Transfer of securities

      1. Section 3:  Transfer of securities

      2. Schedule 1

      3. Section 4: Extinguishment of subscription rights

      4. Section 5: Compensation for securities transferred

   3. Transfer of property etc

      1. Section 6: Transfer of whole or part of undertaking

      2. Schedule 2

      3. Section 7: Compensation etc. for property etc. transferred

   4. Further transfers

      1. Section 8: Further transfers

   5. Supplementary

      1. Section 9: Supplementary provision about compensation schemes etc

      2. Section 10: Tax consequences

   6. Building Societies

      1. Section 11: Modification of legislation applying in relation to building societies

   7. General

      1. Section 12: Consequential and supplementary provision

      2. Section 13: Orders and regulations: general

      3. Section 14: Orders and regulations: retrospective provisions

      4. Section 15: Interpretation

      5. Section 16: Financial Provision

6. Commencement

7. Hansard References

   1. ROYAL ASSENT - 21 February 2008