Introductory Text
PART 1 GENERAL
1.Citation, commencement and interpretation
PART 2 TRANSFER AND REGISTRATION OF SHARES AND EXTINGUISHMENT OF RIGHTS ETC
2.Transfers
3.Registration of shares and issue of certificates
4.Extinguishment of rights in relation to shares
5.Interest payments in relation to Tier 1 notes
6.Conversion of foundation shares into ordinary shares etc.
7.Minimum membership for carrying on business
PART 3 MEETINGS, DIRECTORS AND PROCEEDINGS
8.Resolutions and meetings
9.Removal of directors
10.Appointment of directors
11.Proceedings against directors of Northern Rock
12.Modification of rights in relevant instruments
PART 4 DE-LISTING, APPROVAL ETC.
13.De-listing
14.Approved persons
PART 5 AUTHORITY’S RULE-MAKING POWER
15.Modification to Authority’s rule-making power
16.Modification to Authority’s duty to consult on rule changes
PART 6 MISCELLANEOUS
17.Shadow directorship
18.Northern Rock and freedom of information
19.Notification requirement
20.Modification of provision on liability in relation to Operator’s functions
Signature
SCHEDULE
SHADOW DIRECTORSHIP
1.The following provisions of the 1985 Act—
2.The following provisions of the 2006 Act—
3.The following provisions of the Insolvency Act 1986—
4.The following provisions of FSMA 2000— (a) section 96A (disclosure...
Explanatory Note
