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Banking Act 2009
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41Procedure
This section has no associated Explanatory Notes
(1)As soon as is reasonably practicable after making a property transfer instrument in respect of a bank the Bank of England shall send a copy to—
(a)the bank,
(b)the Treasury,
(c)the FSA, and
(d)any other person specified in the code of practice under section 5.
(2)As soon as is reasonably practicable after making a property transfer instrument the Bank of England shall publish a copy—
(a)on the Bank’s internet website, and
(b)in two newspapers, chosen by the Bank of England to maximise the likelihood of the instrument coming to the attention of persons likely to be affected.
(3)Where the Treasury receive a copy of a property transfer instrument under subsection (1) they shall lay a copy before Parliament.
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