Section 186(2)

For the purposes of paragraph (1)— “stabilisation instrument” means— made by the Bank in the exercise of the stabilisation powers provided for in section 1(4) of the Banking Act 2009, and for these purposes “share transfer instrument”, “property transfer instrument”, “resolution instrument” and “third country instrument” have the meaning given in article 184; a share transfer instrument, a property transfer instrument, a resolution instrument, or a third-country instrument, a transfer is a “relevant transfer” if it transfers to any person— property, rights or liabilities of the institution under resolution or of a relevant resolution company; or securities issued by the institution under resolution or by a relevant resolution company; for the purposes of sub-paragraph (b)— “resolution company” has the meaning given by section 29A of the Banking Act 2009 ; and a resolution company is a relevant resolution company if property, rights or liabilities of the institution under resolution have been transferred to it.

← 1 · All articles · 3 →

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