# The Bank Insolvency (England and Wales) Rules 2009, Introduction: Introductory text

Extent: E+W

Banks And Banking England And Wales
Insolvency
Made 23rd February 2009
Laid before Parliament 24th February 2009
Coming into force 25th February 2009
The Lord Chancellor makes the following Rules in exercise of his powers under section 411(1A)(a), (2), (2C) and (3) of the Insolvency Act 1986.
The Treasury concur in the making of the Rules.
The Chancellor of the High Court (by the authority of the Lord Chief Justice under section 411(7) of the Insolvency Act 1986) concurs in the making of the Rules in so far as they affect court procedure.
The Lord Chancellor has not consulted the Committee existing for the purposes of section 413 of the Insolvency Act 1986: this is the first set of rules made in reliance on section 125 of the Banking Act 2009, and the duty to consult does not therefore apply to these rules by virtue of section 125 (8) of that Act.

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Source: https://www.legislation.gov.uk/uksi/2009/356/introduction (the official version)
Page: https://openlegislation.uk/bank-insolvency-england-and-wales-rules-2009/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.