(1) Expressions in this section have the same meaning as in section 63.
(2) The Bank of England may -
(a) cancel a contract or other arrangement between the residual bank and a third party (whether or not rights or obligations under it have been transferred to a transferee);
(b) modify the terms of a contract or other arrangement between the residual bank and a third party (whether or not rights or obligations under it have been transferred to a transferee);
(c) add or substitute a transferee as a party to a contract or other arrangement between the residual bank and a third party;
(d) confer and impose rights and obligations on a group company and a transferee, which shall have effect as if created by contract between them;
(e) confer and impose rights and obligations on the residual bank and a transferee which shall have effect as if created by contract between them.
(3) In modifying or setting terms under subsection (2) the Bank of England shall aim, so far as is reasonably practica
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