{
  "url": "https://openlegislation.uk/banking-act-2009/section-261",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-261.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/261",
  "kind": "section",
  "number": "261",
  "heading": "Index of defined terms",
  "text": "The Table sets out expressions defined in this Act for general purposes.\nExpressionSection\nAction93 and 166\nAdditional Tier 1 instruments (in Part 1) 3\nBail-in compensation order 49\nbail in liabilities 3\nBank (Part 1)2\nBank (Part 2)91\nBank administration136\nBank administration order141\nBank insolvency90\nBank insolvency order94\nBank of England 256B\nBanking group company 81D\nBridge bank12\nBridge bank reverse share transfer instrument31\nBridge bank share transfer instrument30\nBridge bank supplemental property transfer instrument 44D\nBridge bank supplemental reverse property transfer instrument44E\nthe capital requirements regulation (in Part 1) 3\n. . . . . .\nClient assets (Part 1) 3\nCommon Equity Tier 1 instruments (in Part 1) 3\nCompensation scheme order49\nThe court (Part 2)92\nThe court (Part 3)166\ncritical functions (in Part 1) 3\nEligible depositors93\neligible liabilities 3\nEnactment258\nextraordinary public financial support (in Part 1) 3\nFCA 3, 93, 166 , 183 & 206F\n. . .. . .\nFSCS (in Part 1) 3\nFSCS (in Part 2)93\nFair93\nFinancial assistance257\nFinancial institution230\nFull payment resolution100\nIndependent valuer54\n. . .. . .\nInvestment firm 258A\nLiquidation committee100\nmandatory reduction instrument 6B\nNormal insolvency proceedings (in Part 1) 3\nObjective 1 Achievement Notice139\nOnward bridge bank12\nOnward property transfer instrument43\nOnward share transfer instrument26ZA\nOnward share transfer order28\nown funds (in Part 1) 3\nown funds requirements (in Part 1) 3\nPartial property transfer47\nPayment system 182\nPayment Systems Regulator 183 & 206F\n. . .. . .\nPRA 3, 93, 166 , 183 & 206F\nPrivate sector reverse property transfer instrument 42A\nProperty transfer instrument33\nProperty transfer order45\nPrudential Regulation Authority 256B\n. . .. . .\nthe recovery and resolution directive (in Part 1) 3\nrelevant capital instruments (in Part 1) 3\nrelevant internal liabilities 3\nresolution company 29A\nresolution entity 3\nResolution fund order49\nresolution group 3\nResolution instrument 12A\nReverse property transfer instrument44\nReverse property transfer order46\n... reverse share transfer instrument 26A\nReverse share transfer order29\nSecurities14\nShare transfer instrument15\nShare transfer order16\nSpecial bail-in provision 48B\nSpecial resolution regime1\nSpecial resolution objectives4\nStabilisation options1\nStabilisation powers1\nSupplemental property transfer instrument42\nSupplemental share transfer instrument or order26 & 27\nthird-country instrument 89I\nThird party compensation order49 & 59\nTier 2 instruments (in Part 1) 3\nUnable to pay debts93 & 166\n. . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 261 inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 111"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 261 inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 32; S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 261 inserted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 25"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 261 inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 63 (with Sch. 3); S.I. 2017/43, reg. 2(g)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 100(7), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(c); S.I. 2014/1847, art. 2"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 261 inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(a)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(a) (with regs. 52-58)"
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in s. 261 inserted (1.1.2015) by Financial Services Act 2012 (c. 21), ss. 96(6), 122(3) (with Sch. 20); S.I. 2014/3323, art. 2"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in s. 261 substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(a)"
    },
    {
      "type": "F",
      "label": "F11",
      "text": "Words in s. 261 omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F12",
      "text": "Words in s. 261 Table substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 56(2); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F13",
      "text": "Words in s. 261 omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(a)"
    },
    {
      "type": "F",
      "label": "F14",
      "text": "Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 101(9), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(f); S.I. 2014/1847, art. 2"
    },
    {
      "type": "F",
      "label": "F15",
      "text": "Words in s. 261 Table inserted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 56(3); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F16",
      "text": "Words in s. 261 inserted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(b)"
    },
    {
      "type": "F",
      "label": "F17",
      "text": "Words in s. 261 inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(29)"
    },
    {
      "type": "F",
      "label": "F18",
      "text": "Words in s. 261 inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(b)"
    },
    {
      "type": "F",
      "label": "F19",
      "text": "Words in s. 261 omitted (31.12.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 162(8)(a); S.I. 2023/1382, reg. 8(b) (with reg. 14)"
    },
    {
      "type": "F",
      "label": "F20",
      "text": "Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F21",
      "text": "Words in s. 261 substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(c)"
    },
    {
      "type": "F",
      "label": "F22",
      "text": "Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(11), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F23",
      "text": "Words in s. 261 omitted (31.12.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 162(8)(b); S.I. 2023/1382, reg. 8(b) (with reg. 14)"
    },
    {
      "type": "F",
      "label": "F24",
      "text": "Words in s. 261 omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(i)"
    },
    {
      "type": "F",
      "label": "F25",
      "text": "Words in s. 261 moved (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(ii)"
    },
    {
      "type": "F",
      "label": "F26",
      "text": "Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(c) (with regs. 52-58)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 261 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 16"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/261",
    "retrieved_at": "2026-10-28T17:04:42.090395+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."
  }
}