Section 52

This section applies if the Bank of England makes— a share transfer instrument or a property transfer instrument under section 12(2), or a property transfer instrument under section 12ZA(3). The Treasury shall make a resolution fund order. An order made by virtue of subsection (2) may include— a compensation scheme order; a third party compensation order (which may, in particular, make provision, in respect of persons of a specified description, for rights in addition to any rights they may have by virtue of the resolution fund order). In the case of a partial property transfer, the resolution fund order must include a third party compensation order.

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