3 Transfer of securities
Banking (Special Provisions) Act 2008 (2008 c 2) | Legislation

Transfer of securities

3  Transfer of securities

(1)     The Treasury may, in relation to all or any securities of a specified description that have been issued by an authorised UK deposit-taker, by order make provision for or in connection with, or in consequence of, the transfer of the securities to any of the following—

(a)     the Bank of England;

(b)     a nominee of the Treasury;

(c)     a company wholly owned

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