68 Continuity obligations: onward share transfers
Banking Act 2009 (2009 c 1) | Legislation

68  Continuity obligations: onward share transfers

(1)     In this section “onward transfer” means a transfer (whether or not under a power in this Part) of securities issued by a bank where—

(a)     securities issued by the bank were earlier transferred by [a share transfer instrument under section 12(2),] [a resolution instrument under section 12A(2) or supplemental resolution instrument under section 48U(2) or a] share transfer order under section 13(2), or

(b)     the bank was the transferee under a property

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