Schedule 11, Part 5, paragraph 90(4)

The power under sub-paragraph (2)— may be exercised only in so far as the Bank thinks it necessary to ensure the provision of such services and facilities as are required to enable the transferee to operate the transferred business, or part of it, effectively, may be exercised only with the consent of the Treasury, and must be exercised by way of provision in a property transfer instrument.

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