[85A Resolution of financial institutions]
Finance Act 1986 (1986 c 41) | Legislation

[Resolution of financial institutions]

[85A  Resolution of financial institutions]

[(1)     Stamp duty is not chargeable on the transfer of stock or marketable securities by—

(a)     an instrument listed in subsection (2), or

(b)     an instrument made under an instrument listed in subsection (2).

(2)     The instruments are—

(a)     a mandatory reduction instrument made in accordance with section 6B of the Banking Act 2009 (mandatory write-down, conversion etc of capital instruments),

(b)     a share transfer instrument or property transfer instrument made in accordance with section 12(2) of that Act (transfer to a bridge bank),

(c)     a property transfer instrument made in accordance with section 12ZA(3) of that Act (transfer to asset management vehicle),

(d)     a resolution instrument made in accordance with section 12A of that Act (bail-in),

(e)     a share transfer order or share transfer instrument made in accordance with section 13(2) of that Act (share transfer),

(f)     a supplemental share transfer instrument made

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