C1C2Part 1Special Resolution Regime
Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2
F1Chapter 3 Special resolution action
Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7
Transfer of securities
I2I125Procedure: orders
1
A share transfer order—
a
shall be made by statutory instrument, and
b
shall be subject to annulment in pursuance of a resolution of either House of Parliament.
2
As soon as is reasonably practicable after making a share transfer order in respect of a bank the Treasury shall send a copy to—
a
the bank,
b
the Bank of England,
F2c
the PRA,
ca
the FCA, and
d
any other person specified in the code of practice under section 5.
3
As soon as is reasonably practicable after making a share transfer order the Treasury shall publish a copy—
a
on the Treasury's internet website, F4...
b
in two newspapers, chosen by the Treasury to maximise the likelihood of the instrument coming to the attention of persons likely to be affectedF3, and
c
if securities issued by the bank have been admitted to trading on a regulated market (within the meaning of section 103(1) of the Financial Services and Markets Act 2000), by means of a regulatory information service (within the meaning of section 313D of that Act),
and arrange for the publication of a copy on the internet website of the bank in respect of which the order was made.
Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2