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Schedule 11, Part 5, paragraph 55(6)

FSMA 2023

A property transfer instrument may include provision dealing with the consequences of breach of a condition imposed under sub-paragraph (5); and the consequences may include— automatic vesting in the original transferor; an obligation to effect a transfer back to the original transferor, with specified consequences for failure to comply (which may include provision conferring a discretion on a court or tribunal); provision making a transfer or anything done in connection with a transfer void or voidable.

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