Section 31(3A)

The Bank of England must not make a resolution company reverse share transfer instrument unless— the transferee under the original instrument is— a company wholly owned by the Bank of England, a company wholly owned by the Treasury, or a nominee of the Treasury, or the resolution company reverse share transfer instrument is made with the written consent of the transferee under the original instrument.

← 3 · All articles · 4 →

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