(1) In this Part "partial property transfer" means a property transfer instrument which provides for the transfer of some, but not all, of the property, rights and liabilities of a bank.

(1A) In subsection (1) the reference to a "bank" includes a resolution company (even if it is not a bank).

(2) The Treasury may by order -

(a) restrict the making of partial property transfers;

(b) impose conditions on the making of partial property transfers;

(c) require partial property transfers to include specified provision or provision to a specified effect;

(d) provide for a partial property transfer to be void or voidable, or for other consequences (including automatic transfer of other property, rights or liabilities) to arise, if or in so far as the partial property transfer is made or purported to be made in contravention of a provision of the order (or of another order under this section).

(3) Provision under subsection (2) may, in particular, refer to -

(a) particular classes of deposit;