{
  "url": "https://openlegislation.uk/banking-act-2009/section-137",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-137.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/137",
  "kind": "section",
  "number": "137",
  "heading": "Objectives",
  "text": "(1) A bank administrator has two objectives—\n(a) Objective 1: support for commercial purchaser or resolution company (see section 138), and\n(b) Objective 2: “normal” administration (see section 140).\n(2) Objective 1 takes priority over Objective 2 (but a bank administrator is obliged to begin working towards both objectives immediately upon appointment).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 137(1)(a) substituted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 26(3)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 137 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 3"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/137",
    "retrieved_at": "2026-10-29T09:11:28.246347+00:00",
    "licence": "OGL-UK-3.0",
    "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."
  }
}