Schedule 11, Part 5, paragraph 55(8)

Provision under sub-paragraph (7)(a) may remove or alter the terms of the trust on which the property is held only to the extent that the Bank thinks it necessary or expedient for the purpose of transferring— the legal or beneficial interest of the transferor in the property; any powers, rights or obligations of the transferor in respect of the property.

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