Section 81CA(5)

Where the banking group company mentioned in subsection (1) is a parent undertaking of the bank ... or third-country institution mentioned in section 81BA(2) (“the group entity”) — section 41A (transfer of property subsequent to resolution instrument) applies as if the reference in subsection (2) to the bank were to the parent undertaking, the bank and any other bank which is or was in the same group; section 48V (onward transfer)— applies as if the references in subsection (3) to “the bank” included the group entity, the parent undertaking and any other bank which is or was in the same group, and with the omission of subsection (4) of that section, and is to be read as permitting the transfer of securities only if they are held by (or for the benefit of) the parent undertaking or a subsidiary company of the parent undertaking; section 48W (reverse transfer) applies as if the references in subsections (2) and (3) to “the bank” included the group entity, the parent undertaking and any other bank which is or was in the same group.

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