SCHEDULES

SCHEDULE 2Bail-in stabilisation option

PART 1Amendments of Banking Act 2009

Other amendments of the Act

I115

In section 18 (share transfers: continuity), after subsection (5) insert—

6

This section applies to a resolution instrument as it applies to a share transfer instrument; and in relation to a resolution instrument references in this section to a “transfer” are to a transfer of securities (whether made by that or another resolution instrument) and “transferor” and “transferee” are to be read accordingly.