Introductory text

This Order is made in exercise of the powers conferred by section 251(1), (2), (3), (5) and (8) and section 259(1) of the Banking Act 2009^f1 and by section 11 of the Banking (Special Provisions) Act 2008^f2.

A draft of this Order has been laid before Parliament in accordance with section 251(6) of the Banking Act 2009 and section 13(3) of the Banking (Special Provisions) Act 2008 and approved by a resolution of each House of Parliament.