4.8.1 Transfer of shares, other instruments of ownership, assets, rights or liabilities

If the sale of business or bridge institution tool is applied to a bank in resolution,1 this may lead to the transfer of the shares or other instruments of ownership issued by the bank to another market party or a bridge institution, respectively (hereinafter referred to as a share transfer). The sale of business tool and bridge institution tool can also be applied to a bank in resolution to transfer any assets, rights or liabilities of the bank to another market party or a bridge institution, respectively (hereinafter referred to as an asset transfer). This can also take place under the asset separation tool in order to transfer assets, rights or liabilities of the bank or a bridge institution to an asset management vehicle.