Schedule 1 | Transfer Orders Under Section 3 | Banking Special Provisions Act 2008 C2

SCHEDULE 1 Transfer Orders Under Section 3

Banking (Special Provisions) Act 2008 (2008 c 2) | Legislation

SCHEDULE 1 Transfer Orders Under Section 3

Section 3

Provisions relating to securities transferred: general

(1) An order under section 3 may make provision—

(a) for securities to be transferred free from all trusts, liabilities and incumbrances;

(b) for any transfer of securities to take effect despite—

(i) the absence of any required consent or concurrence to or with the transfer,

(ii) any other restriction relating to the transfer of the securities, or

(iii) the absence of the delivery of any instrument representing securities transferable by delivery (a “bearer instrument”);

(c) for the delivery of any such instruments to a specified person, and the issue to the transferee of instruments representing such securities;

(d) for the transferee to be entitled to be entered in any register of securities without the need for delivery of any instrument of transfer;

(e) for requiring the person maintaining any such register to register the transferee in the register;

(f) for the transferee to be, as from the transfer date, entitled, or subject, to rights, privileges, advantages and liabilities arising from or relating to transferred securities, whether or not the transferee has been so registered or any bearer instrument representing the transferred