{
  "url": "https://openlegislation.uk/banking-act-2009/section-62",
  "json_url": "https://openlegislation.uk/banking-act-2009/section-62.json",
  "legislation": "ukpga/2009/1",
  "legislation_title": "Banking Act 2009",
  "legislation_url": "https://openlegislation.uk/banking-act-2009",
  "path": "section/62",
  "kind": "section",
  "number": "62",
  "heading": "Procedure",
  "text": "(1) This section applies to—\n(a) compensation scheme orders,\n(b) resolution fund orders, ...\n(ba) bail-in compensation orders, and\n(c) third party compensation orders.\n(2) An order—\n(a) shall be made by statutory instrument, and\n(b) may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 62(1)(b) omitted (31.12.2014) by virtue of Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(10); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 62(1)(ba) inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 6(10); S.I. 2014/3160, art. 2(1)(b)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "S. 62 in force at 17.2.2009 for specified purposes by S.I. 2009/296, arts. 2, 3, Sch. para. 1"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "S. 62 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/62",
    "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."
  }
}