{
  "url": "https://openlegislation.uk/banking-act-2009/section-61",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-61.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/61",
  "kind": "section",
  "number": "61",
  "heading": "Sources of compensation",
  "text": "(1) This section applies to—\n(a) compensation scheme orders,\n(b) resolution fund orders,\n(c) third party compensation orders, ...\n(ca) bail-in compensation orders,\n(d) regulations under section 60, and\n(e) regulations under section 60A.\n(2) An order or regulations may provide for compensation or other payments to be made by—\n(a) the Treasury,\n(b) the Financial Services Compensation Scheme, subject to section 214C of the Financial Services and Markets Act 2000 (limit on amount of special resolution regime payments), or\n(c) any other specified person.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 61(1)(c) omitted (31.12.2014) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(9)(a); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 61(1)(ca) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(9)(b); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "S. 61(1)(e) and preceding word inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(9)(c); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in s. 61(2)(b) substituted (8.4.2010) by Financial Services Act 2010 (c. 28), s. 26(1)(l), Sch. 2 para. 41"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 61 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/1/section/61",
    "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."
  }
}