64 Special continuity obligations: property transfers
Banking Act 2009 (2009 c 1) | Legislation

64  Special continuity obligations: property transfers

(1)     Expressions in this section have the same meaning as in section 63.

(2)     The Bank of England may—

(a)     cancel a contract or other arrangement between the residual bank and [a third party] (whether or not rights or obligations under it have been transferred to a transferee);

(b)     modify the terms of a contract or other arrangement between the residual bank and [a third party] (whether or not rights or obligations under it have been transferred to

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