(1) A resolution order may transfer to a purchaser that is not a bridge institution the following:
(a) shares or other instruments of ownership issued by an institution under resolution;
(b) all or any assets, rights or liabilities of an institution under resolution.
(2) Subject to paragraphs (10) and (11) and to Regulations 110, 148, 149 and 150, a transfer referred to in the paragraph (1) shall take place without obtaining the consent of the shareholders of the institution under resolution or any third party other than the purchaser, and without complying with any procedural requirements under company or securities law in the State other than those included in Regulation 70.
(3) A transfer made pursuant to paragraph (1) shall be made on commercial terms, having regard to the circumstances, and in accordance with the Union State aid framework.
(4) In accordance with paragraph (3), the resolution authority shall endeavour to obtain commercial terms for a transfer that conforms with the
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