(1) A share transfer instrument may enable the Bank of England -
(a) to remove a director or senior manager of a specified bank;
(b) to vary the service contract of a director or senior manager of a specified bank;
(c) to terminate the service contract of a director or senior manager of a specified bank;
(d) to appoint a director or senior manager of a specified bank.
(1A) Subsection (1) also applies to a director or senior manager of any undertaking which is a banking group company in respect of a specified bank.
(2) A share transfer order may enable the Treasury -
(a) to remove a director or senior manager of a specified bank;
(b) to vary the service contract of a director or senior manager of a specified bank;
(c) to terminate the service contract of a director or senior manager of a specified bank;
(d) to appoint a director or senior manager of a specified bank.
(3) Appointments under subsection (1)(d) are to be on terms and conditions agreed with the Bank of England.
(4) Appointme
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