Banking (Special Provisions) Bill
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
Meaning of “authorised UK deposit-taker”
Cases where Treasury’s powers are exercisable
Transfer of securities
Extinguishment of subscription rights
Compensation etc. for securities transferred etc.
Transfer of property etc.
Transfer of property, rights and liabilities
Compensation etc. for property etc. transferred
Further transfers following transfer to public sector
Supplementary provision about compensation schemes etc.
Modification of legislation applying in relation to building societies
Consequential and supplementary provision
Orders and regulations: general
Orders and regulations: retrospective provisions
Short title, commencement and extent
Schedule 1 —
Transfer orders under section 3
Schedule 2 —
Transfer orders under section 6