(1) This section applies where the Bank of England -
(a) makes a resolution instrument that transfers securities issued by a bank (or a bank's parent undertaking), in accordance with section 12A(2), and
(b) later makes a property transfer instrument from the bank or from another bank which is or was in the same group as the bank, in accordance with section 41A(2).
(1A) This section also applies where the Bank of England -
(a) makes a share transfer instrument that transfers securities issued by a bank (or a bank's parent undertaking), in accordance with section 12(2), and
(b) later makes a property transfer instrument from the bank in accordance with section 44D.
(2) This Part applies to the transferor under the property transfer instrument made in accordance with section 41A(2) or 44D(2) as to the transferor under a property transfer instrument made in accordance with section 12(2).
(3) For that purpose this Part applies with any modifications specified by the Treasury in regulations;
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