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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 16 December 2016 - onwards
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44B. Property transfer instruments: special bail-in provision

(1)A property transfer instrument within subsection (2) may make special bail-in provision with respect to the bank (see section 48B) [Section 48B was inserted by paragraph 4 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 and amended by S.I. 2014/3329.].

(2) The instruments referred to in subsection (1) are -

(a) a property transfer instrument under section 11(2), 12(2), 12ZA(3) [Section 12ZA was inserted by S.I. 2014/3329.] or 41A(2) [Section 41A was inserted by paragraphs 1 and 5 of Schedule 2 to the Financial Services (Banking Reform) Act 2013.],

(b) a supplemental property transfer instrument under section 42 in relation to which the original instrument is -

(i) a property transfer instrument under section 11(2), 12(2), 12ZA(3) or 41A(2),

(ii) an onward property transfer instrument under section 43(2), or

(iii) a bridge bank supplemental property transfer instrument under section 44D(2),

(c) an onward property transfer instrument under section 43(2), or

(d) a b

Comparing proposed amendment...