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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 February 2008 - onwards

8. Further transfers following transfer to public sector

(1) Subsection (2) applies where any securities issued by an authorised UK deposit-taker have been transferred to a person within section 3(1)(a) to (c) by an order under section 3.

(2) In such a case the Treasury may by order make provision for or in connection with, or in consequence of, the transfer to a specified person of any of the following -

(a) any of the securities transferred as mentioned in subsection (1);

(b) any securities issued by the deposit-taker at any time after the transfer mentioned in that subsection;

(c) any of the property, rights and liabilities of the deposit-taker;

(d) any of the property, rights and liabilities of any UK undertaking which is a subsidiary undertaking of the deposit-taker;

(e) where the securities so transferred were transferred to a company within section 3(1)(c) -

(i) any securities issued by the company;