(1) This article applies where, in respect of an undertaking -
(a) the Bank has applied one or more of the resolution tools; or
(b) the Treasury have made a share transfer order for the purpose of taking the undertaking into temporary public ownership.
(2) Except where securities issued by the undertaking have been admitted to trading on a regulated market (within the meaning given in section 103(1) of FSMA), the Bank must send a copy of any property transfer instrument, resolution instrument, share transfer instrument, share transfer order or third-country instrument made in respect of the undertaking to the members and creditors of the undertaking who are known to the Bank.
(3) In this article -
"member" includes - (a) a shareholder of a company; (b) a member of a limited liability partnership; and (c) a shareholding or borrowing member of a building society established under the Building Societies Act 1986 [1986 c. 53.] ("shareholding member" and "borrowing m
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