99 Reports following exercise of a stabilisation power
Financial Services Act 2012 (2012 c 21) | Legislation

99  Reports following exercise of a stabilisation power

(1)     After section 79 of the Banking Act 2009 insert—

“79A Private sector purchaser: report

(1)     This section applies where the Bank of England sells all or part of a bank's business to a commercial purchaser.

(2)     The Bank must report to the Chancellor of the Exchequer about the exercise of the power to make share transfer instruments and property transfer instruments

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