Schedule 11, Part 5, paragraph 51(6)

The Bank may not make a reverse share transfer instrument under sub-paragraph (3) unless— the onward transferee is— the Bank, a company wholly owned by the Bank or the Treasury, or a nominee of the Treasury, or the reverse share transfer instrument is made with the written consent of the onward transferee.

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