Onward and reverse transfersU.K.
This section has no associated Explanatory Memorandum
16. In section 53(1) (onward and reverse transfers) M1—
(a)after paragraph (zza) insert—
“(zzb)the Bank of England makes an onward share transfer instrument under section 26ZA,”;
(b)in paragraph (za) omit the words “private sector”;
(c)after paragraph (fa) insert—
“(fb)the Bank of England makes a bridge bank supplemental property transfer instrument under section 44D,
(fc)the Bank of England makes a bridge bank supplemental reverse property transfer instrument under section 44E,”.
Marginal Citations
M1Section 53(1) has been amended by section 97 of the Financial Services Act 2012 (c.21), paragraphs 1 and 6 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 and S.I. 2014/3329.