(1) Subject to subsection (4), the Bank of England must make arrangements for marketing -
(a) any securities issued by the bank which the Bank intends to transfer by a share transfer instrument under section 11(2)(a), or
(b) any property, rights or liabilities of the bank which the Bank intends to transfer by a property transfer instrument under section 11(2)(b).
(2) The arrangements under subsection (1) must -
(a) be as transparent as possible having regard to the circumstances and the need to maintain financial stability;
(b) ensure there is no conflict of interest;
(c) take account of the need for the Bank to act quickly to address the situation where a bank is failing or likely to fail;
(d) aim at maximising, as far as possible, the sale price for the securities or property, rights or liabilities involved.
(3) The arrangements under subsection (1) must not -
(a) materially misrepresent the securities or property, rights or liabilities which the Bank intends to transfer;
(b) favour