(1) Where shares, instruments of ownership, assets, rights or liabilities have been transferred to a bridge institution by a resolution order, and the resolution authority finds a suitable recipient for some or all of those shares, instruments of ownership, assets, rights or liabilities on terms and conditions that the resolution authority considers appropriate, the resolution authority may apply to the Court to vary the resolution order to provide that that recipient's name be substituted as recipient of those shares, instruments of ownership, assets, rights or liabilities, and to provide for the variation of other terms and conditions (including conditions relating to consideration) of the resolution order.
(2) The Court may not make an order substituting a recipient under paragraph (1) without the consent of the person whose name is to be substituted as recipient.
(3) This Regulation is without prejudice to the private law powers of a bridge institution to transfer or dispose of any
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