(1) A resolution order may transfer to a bridge institution the following:
(a) shares or other instruments of ownership issued by one or more institutions under resolution;
(b) all or any assets, rights or liabilities of one or more institutions under resolution.
(2) Subject to Regulations 110, 148, 149 and 150, a transfer referred to in the paragraph (1) may take place -
(a) without obtaining the consent of the shareholders of the institution under resolution or any third party other than the bridge institution, and
(b) without complying with any procedural requirements under company or securities law in the State.
(3) For the purposes of this Regulation, the resolution authority may cause to be formed and registered under the Act of 2014 a company (referred to in these Regulations as a "bridge institution") that meets the following requirements:
(a) it is wholly or partially owned by one or more public authorities which may include the resolution authority;
(b) it is established for
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