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Banking (Special Provisions) Bill


 

Banking (Special Provisions) Bill

 
 

EXPLANATORY NOTES

Explanatory notes to the Bill, prepared by the Treasury, are published separately as

HL Bill 34—EN.

EUROPEAN CONVENTION ON HUMAN RIGHTS

Lord Davies of Oldham has made the following statement under section 19(1)(a) of

the Human Rights Act 1998:

In my view the provisions of the Banking (Special Provisions) Bill are compatible

with the Convention rights.

 

HL Bill 34                                                                                              

54/3

 

 

 

Banking (Special Provisions) Bill

 
HL Bill 3454/3
 
 

 

Banking (Special Provisions) Bill

 

 
 

Contents

Introduction

1   

Meaning of “authorised UK deposit-taker”

2   

Cases where Treasury’s powers are exercisable

Transfer of securities

3   

Transfer of securities

4   

Extinguishment of subscription rights

5   

Compensation etc. for securities transferred etc.

Transfer of property etc.

6   

Transfer of property, rights and liabilities

7   

Compensation etc. for property etc. transferred

Further transfers

8   

Further transfers following transfer to public sector

Supplementary

9   

Supplementary provision about compensation schemes etc.

10   

Tax consequences

Building societies

11   

Modification of legislation applying in relation to building societies

General

12   

Consequential and supplementary provision

13   

Orders and regulations: general

14   

Orders and regulations: retrospective provisions

15   

Interpretation

16   

Financial provision

17   

Short title, commencement and extent

 

HL Bill 34                                                                                              

54/3

 
 

Banking (Special Provisions) Bill

ii

 

Schedule 1   —   

Transfer orders under section 3

Schedule 2   —   

Transfer orders under section 6

 
 

 
contents continue
 
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