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The Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009
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- UK Statutory Instruments
- 2009 No. 322
- PART 3
- Article 10
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Financial markets, termination rights and continuity powerU.K.
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10.—(1) This article applies where a partial property transfer has been made in contravention of article 7 F1...or any other provision of this Order which relates to the exercise of the continuity powers.
(2) The partial property transfer is void in so far as it is made in contravention of those provisions of the Order.
Textual Amendments
F1Word in art. 10(1) omitted (1.1.2015) by virtue of The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 125(6)
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