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Banking (Special Provisions) Act 2008 (c. 2)Introductory TextIntroduction (ss. 1-2)1. Meaning of "authorised UK deposit-taker"2. Cases where Treasury's powers are exercisableTransfer of securities (ss. 3-5)3. Transfer of securities4. Extinguishment of subscription rights5. Compensation etc. for securities transferred etc.Transfer of property etc. (ss. 6-7)6. Transfer of property, rights and liabilities7. Compensation etc. for property etc. transferredFurther transfers (s. 8)8. Further transfers following transfer to public sectorSupplementary (ss. 9-10)9. Supplementary provision about compensation schemes etc.10. Tax consequencesBuilding societies (s. 11)11. Modification of legislation applying in relation to building societiesGeneral (ss. 12-17)12. Consequential and supplementary provision13. Orders and regulations: general14. Orders and regulations: retrospective provisions15. Interpretation16. Financial provision17. Short title, commencement and extentSchedule 1 Transfer orders under section 3Schedule 2 Transfer orders under section 6
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Version status: | Document consolidation status: Updated to reflect all known changes
Version date: 21 February 2008 - onwards

Introductory Text

Chapter 2 of 2008

An Act to make provision to enable the Treasury in certain circumstances to make an order relating to the transfer of securities issued by, or of property, rights or liabilities belonging to, an authorised deposit-taker; to make further provision in relation to building societies; and for connected purposes.

[21st February 2008]

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:

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