{
  "url": "https://openlegislation.uk/banking-act-2009-bank-administration-modification-for-application-to-banks-in-temporary-public-ownership-regulations-2009/note",
  "json_url": "https://openlegislation.uk/banking-act-2009-bank-administration-modification-for-application-to-banks-in-temporary-public-ownership-regulations-2009/note.json",
  "legislation": "uksi/2009/312",
  "legislation_title": "The Banking Act 2009 (Bank Administration) (Modification for Application to Banks in Temporary Public Ownership) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009-bank-administration-modification-for-application-to-banks-in-temporary-public-ownership-regulations-2009",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations modify Part 3 of the Banking Act 2009 (c.1) (“the Act”), which sets out the bank administration procedure.\nRegulation 2 specifies that these Regulations make modifications to Part 3 of the Act as applied by section 152 of the Act (property transfer from temporary public ownership). Section 152 applies bank administration where the Treasury make a share transfer order in respect of the securities issued by a bank (or a bank’s holding company), in accordance with section 13(2) of the Act (temporary public ownership), and later make a property transfer order from the bank (or from a bank the parent of which is the bank’s holding company) under section 45(2) of the Act (temporary public ownership: property transfer).\nRegulations 3 and 4 set out general modifications to Part 3 of the Act and to Tables 1 and 2 of section 145 of the Act (general powers, duties and effect).\nThe Schedule to the Regulations sets out specific modifications to Part 3 of the Act.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/312/note",
    "retrieved_at": "2026-10-29T03:17:49.533048+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}