Introductory text

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

The Treasury, in exercise of the powers conferred by sections 60 M1 and 259(1) of the Banking Act 2009 M2, make the following Regulations.

The power in section 60 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.