Commentary on Sections Transfer of property Section 41: Procedure
110.This section requires the Bank of England to send a copy of a property transfer instrument, as soon as reasonably practicable, to the specified bank, the Treasury, the FSA and any other persons specified in the code of practice. The Bank of England must also publish the property transfer instrument in line with the provisions of subsection (2). The Treasury is also required to lay a copy of the transfer instrument before Parliament.