Section 219 Ceasing the business of issuing notesI1
(1)
If an authorised bank at any time after commencement stops issuing banknotes, it may not resume issuing banknotes in reliance on section 213.
(2)
Banknote regulations or rules—
(a)
may specify procedures to be followed by an authorised bank that intends to stop issuing banknotes, and
(b)
may apply to an authorised bank for two years after it stops issuing banknotes.
Annotations
Commencement
- I1
S. 219 in force at 12.11.2009 for specified purposes and 23.11.2009 in so far as not already in force by S.I. 2009/3000, arts. 2, 3