# The Banking Act 2009 (Commencement No. 5) Order 2016

S.I. 2016/598 · made 23 May 2016

This Order brings into force sections 255 and 256 of the Banking Act 2009 (c.1) (“the Act”) on 25th May 2016. Section 255 enables the Treasury to make regulations about financial collateral arrangements, and the regulations may in particular include provision implementing the Financial Collateral Arrangements Directive (2002/47/EC) (OJ No L 168, 27.6.2002, p.43). Section 256 contains further provision about regulations under section 255.

Made under: Banking Act 2009 (Section 263)

PDFs: Printed copy https://openlegislation.uk/banking-act-2009-commencement-no-5-order-2016/pdf/uksi_20160598_en.pdf

## Introductory text

Financial Services And Markets
Made 23rd May 2016
In exercise of the powers conferred by section 263(1) and (3) of the Banking Act 2009, the Treasury make the following Order:

## 1 Citation

This Order may be cited as the Banking Act 2009 (Commencement No. 5) Order 2016.

## 2 Financial collateral arrangements

Sections 255 and 256 of the Banking Act 2009 come into force on 25th May 2016.

## Signature

David Evennett
Mel Stride
Two of the Lords Commissioners of Her Majesty’s Treasury
23rd May 2016

## Explanatory note

(This note is not part of the Order)
This Order brings into force sections 255 and 256 of the Banking Act 2009 (c.1) (“the Act”) on 25th May 2016. Section 255 enables the Treasury to make regulations about financial collateral arrangements, and the regulations may in particular include provision implementing the Financial Collateral Arrangements Directive (2002/47/EC) (OJ No L 168, 27.6.2002, p.43). Section 256 contains further provision about regulations under section 255.

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Source: https://www.legislation.gov.uk/uksi/2016/598 (the official version)
Page: https://openlegislation.uk/banking-act-2009-commencement-no-5-order-2016
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.