# Banking Act 2009, Section 62: Procedure

Extent: E+W+S+N.I.

(1) This section applies to—
(a) compensation scheme orders,
(b) resolution fund orders, ...
(ba) bail-in compensation orders, and
(c) third party compensation orders.
(2) An order—
(a) shall be made by statutory instrument, and
(b) may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.

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Source: https://www.legislation.gov.uk/ukpga/2009/1/section/62 (the official version)
Page: https://openlegislation.uk/banking-act-2009/section-62
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.