Section 48W(1)

This section applies where the Bank of England has made an instrument (“the original instrument”) that is either— a resolution instrument providing for the transfer of securities issued by a bank to a person (“the transferee”), or an onward transfer resolution instrument (see section 48V) providing for the transfer of securities issued by a bank to a person (“the onward transferee”).

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