Section 15

A share transfer instrument is an instrument which— provides for securities issued by a specified bank to be transferred; makes other provision for the purposes of, or in connection with, the transfer of securities issued by a specified bank (whether or not the transfer has been or is to be effected by that instrument, by another share transfer instrument or otherwise). Where the Bank of England requires a recapitalisation payment to be made under section 214E of the Financial Services and Markets Act 2000 in respect of a specified bank, a share transfer instrument may include provision requiring the specified bank to issue securities. A share transfer instrument may relate to— specified securities, or securities of a specified description.

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Source: legislation.gov.uk · retrieved 2026-09-04