Part 1Special Resolution Regime
Compensation
50Sale to private sector purchaser
(1)
This section applies if the Bank of England makes a share transfer instrument or a property transfer instrument in accordance with section 11(2).
(2)
The Treasury shall make a compensation scheme order.
(3)
An order made by virtue of subsection (2) may include a third party compensation order.
(4)
In the case of a partial property transfer, an order made by virtue of subsection (2) must include a third party compensation order.