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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 February 2009 - onwards
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50. Sale to private sector purchaser

(1) This section applies if the Bank of England makes a share transfer instrument or a property transfer instrument in accordance with section 11(2).

(2) The Treasury shall make a compensation scheme order.

(3) An order made by virtue of subsection (2) may include a third party compensation order.

(4) In the case of a partial property transfer, an order made by virtue of subsection (2) must include a third party compensation order.

Comparing proposed amendment...