Banking Act 2009 (c. 1)

Part 1 U.K. Special Resolution Regime

Modifications etc. (not altering text)

C1 Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2

C2 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

Transfer of property U.K.

[F1 48A Creation of liabilities U.K.

(1) The provision that may be made by a property transfer instrument or order in reliance on section 33(1)(b), 42(3)(b), [F2 42A(3)(b),] 43(3)(b), 44(4)(c)[F3 , 44A(3)(b)], 45(3)(b) or 46(3)(b) includes provision for the creation of liabilities.

(2) The provision may be framed by reference to an agreement which has been or is to be entered into, or anything else which has been or is to be done, by any person (including a person other than the person making the instrument or order).]

Textual Amendments

F1 S. 48A inserted (8.4.2010) by Financial Services Act 2010 (c. 28), ss. 21(2), 26(1)(f)

F2 Words in s. 48A(1) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(8), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F3 Word in s. 48A(1) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 5(4); S.I. 2014/3160, art. 2(1)(b)