UK Statutory Instrument SI 2008/2546 United Kingdom

The Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person3 Director or Officer2 Employer1

Plus 1 duty on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Director or Officer — also bound by 429 other Acts
Companies Act 2006 126 duties
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art004 Registration of shares and issue of certificates Regulated
  • Bradford & Bingley must convert shares to certificates and register Treasury SolicitorDirector or Officer
s.art010 Removal of directors Regulated
  • Relevant undertaking must notify director of Treasury's removal or termination noticeEmployer
s.art017 Isle of Man deposits Regulated
  • Transfer Bradford & Bingley International shares to Abbey and ensure effectiveness under Manx lawDirector or Officer
s.art023 Foreign property etc. Regulated
  • Bradford & Bingley must assist Abbey with foreign property transferAny Person
s.art028 Sums to be paid to Regulated
Other duties (1) — Crown / regulator
  • FSCS must pay Abbey the protected deposit compensation amountStatutory regulator
s.art030 Liability of Bradford & Bingley to the Regulated
  • Bradford & Bingley must repay FSCS and Treasury under agreed termsAny Person
s.art031 Co-operation with the FSCS Regulated
  • Cooperate with FSCS by providing requested and useful informationAny Person
35 other provisions — procedural and definitional
s.art001 Citation and commencement
s.art002 Interpretation: general
s.art003 The first transfer
s.art005 Extinguishment of rights in relation to shares in
s.art006 Modification of interests, rights and liabilities associated with the dated subordinated notes
s.art007 Modification of rights in relevant instruments
s.art008 Minimum membership for carrying on business
s.art009 Resolutions and meetings
s.art011 Appointment of directors
s.art012 Proceedings against directors
s.art013 Shadow directorship
s.art014 De-listing
s.art015 Approved persons
s.art016 The second transfer
s.art018 No consent or concurrence required
s.art019 Associated liability and interference
s.art020 Termination etc. of interest or right
s.art021 Interests, rights and liabilities of third parties relating to property, rights and liabilities transferred
s.art022 Modification of rights and liabilities transferred
s.art024 Subsequent transactions
s.art025 Construction of documents etc.
s.art026 Pensions
s.art027 Employees
s.art029 Payment to Abbey to constitute payment of compensation for the purposes of the Financial Services Compensation Scheme
s.art032 Statutory immunity
s.art033 Services and facilities
s.art034 Use of the Bradford & Bingley brand by Abbey
s.art035 Termination etc. of interest or right
s.art036 Provision of information
s.art037 Modification to Authority’s rule-making power
s.art038 Modification to Authority’s duty to consult on rule changes
s.art039 Modification of provision on liability in relation to operator’s functions
s.art040 Enterprise Act 2002
s.art041 Freedom of information
s.art042 Notification requirement
Schedules

Schedules

0 of 23 shown
23 other schedules
s.sch001 The following provisions of the 1985 Act—
s.sch001 The following provisions of the 2006 Act—
s.sch001 The following provisions of the Insolvency Act 1986—
s.sch001 The following provisions of the 2000 Act—
s.sch002 Subject to paragraph 2, all rights and liabilities in respect...
s.sch002 The liabilities referred to in paragraph 1 shall not include...
s.sch002 All freehold and leasehold real property of a relevant undertaking...
s.sch002 All contracts, agreements and other arrangements of Bradford & Bingley...
s.sch002 Any personal property of a relevant undertaking—
s.sch002 All intellectual property which relate to the operation of the...
s.sch003 With effect from the segregation time the provisions of the...
s.sch003 The Treasury shall give a guarantee or make other arrangements...
s.sch003 Unless otherwise stated or provided in the guarantee or arrangements...
s.sch003 Except as expressly provided in this Schedule, or to the...
s.sch003 In this Schedule— “the actuary” means the actuary appointed for...
s.sch003 The liabilities of the international section shall be—
s.sch003 At the segregation time, the following assets shall be allocated...
s.sch003 The proportion shall be— (a) comprised of a selection of...
s.sch003 For the purposes of paragraph 4(b)— (a) any liabilities or...
s.sch003 At the segregation time— (a) Bradford & Bingley International shall...
s.sch003 (1) Following the segregation time Bradford & Bingley International shall...
s.sch003 Subject to this Schedule, the provisions of the international section...
s.sch003 No provision of the pension scheme shall apply if it...

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.