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Part B Merger, Reorganization, and Insolvency of Banks, 9 UK Bank Mergers and Business Transfers

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 30 January 2023

Bank supervision — Mergers — Transfer of securities — Bank of England

This chapter considers Part VII of the Financial Services and Markets Act 2000 (FSMA), which introduced a new regime for the transfer of a banking business, together with broader legislation designed to facilitate cross-border mergers. It discusses the effect of Part VII; the scope of Part VII; procedures under Part VII; the effect of court sanction; the requirement for ring-fencing; the special rules applicable to ring-fencing transfer schemes; mergers and transfers of building societies and mutuals; and cross-border mergers regulations.

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