(1) This Order applies in the following cases.

(2) Case 1 is where a partial property transfer ["Partial property transfer" is defined by section 47(1) of the Act. See also section 42 (supplemental instruments), section 43 (onward transfer), section 44 (reverse property transfer), 45 (temporary public ownership: property transfer) and sections 82 and 83 (holding companies: temporary public ownership).] has been made by the Bank in accordance with section 11(2), 12(2) or 12ZA(3) of the Act.

(3) Case 2 is where -

(a) the Bank has made a property transfer instrument in accordance with section 11(2), 12(2) or 12ZA(3) of the Act (whether or not that instrument is a partial property transfer); and