Introductory text

United Kingdom

Banks And Banking

Approved by both Houses of Parliament

Made 19th February 2009

Laid before Parliament 20th February 2009

Coming into force 21st February 2009

These Regulations are made in exercise of the powers conferred by sections 149(3) and 259(1) of the Banking Act 2009^f1.

The power in section 149(3) of the Banking Act 2009 is being exercised for the first time and the Treasury are satisfied, in accordance with section 259(4) of that Act, that it is necessary to exercise it without laying a draft for approval.

Accordingly, the Treasury make the following Regulations:C1

Annotations

Modifications

C1: Regulations applied (with modifications) (29.3.2009) by The Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), art. 18, Sch. 2 paras. 1(c), 2, 4

Footnotes

f1: 2009 c.1.