7 Compensation etc for property etc transferred
Banking (Special Provisions) Act 2008 (2008 c 2) | Legislation

7  Compensation etc for property etc transferred

(1)     The Treasury must by order make provision—

(a)     in relation to an order under section 6 providing for the transfer of property, rights or liabilities to a company within subsection (1)(a) of that section, for determining the amount of any compensation payable by the Treasury to the authorised UK deposit-taker concerned;

(b)     in relation to an order under section 6 providing for the transfer of property, rights or liabilities to any other body, for determining the amount of any consideration payable by the transferee to the authorised UK deposit-taker concerned.

(2)

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