149General application of this PartU.K.
(1)This section applies where more than one property transfer instrument is made in respect of a bank.
(2)For that purpose “property transfer instrument” includes—
(a)supplemental instruments under section 42,
(b)onward property transfer instruments under section 43, F1...
[F2(ba)bridge bank supplemental property transfer instruments under section 44D, and]
(c)property transfer orders under section 45.
(3)This Part applies to the bank with any modifications specified by the Treasury in regulations.
(4)The regulations—
(a)shall be made by statutory instrument, and
(b)may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.
Textual Amendments
F1Word in s. 149(2)(b) omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 26(10)(a)
F2S. 149(2)(ba) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 26(10)(b)
Commencement Information
I1S. 149 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 3
I2S. 149 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 3