# Banking Act 2009, Section 122: Application of insolvency law

Extent: E+W+S+N.I.

(1) The Secretary of State and the Treasury may by order made jointly—
(a) provide for an enactment about insolvency to apply to bank insolvency (with or without specified modifications);
(b) amend, or modify the application of, an enactment about insolvency in consequence of this Part.
(2) An order under subsection (1)—
(a) shall be made by statutory instrument, and
(b) may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/122 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-122
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.