Commentary on Sections Transfer of property Section 42: Supplemental instruments
111.Where the Bank of England has made a property transfer instrument it may make additional supplemental property transfer instruments. These may provide for two things: first, for property, rights and liabilities to be transferred from the original transferor; and, second, for anything that a property transfer instrument may otherwise provide for.
112.Subsection (4) provides that the general and specific conditions (sections 7 and 8, respectively) do not apply to supplemental transfers.
113.Subsection (5) provides that the Bank of England must consult the FSA and the Treasury before making the instrument.