{
  "url": "https://openlegislation.uk/draft-scottish-and-northern-ireland-banknote-regulations-2009/regulation-19",
  "json_url": "https://openlegislation.uk/draft-scottish-and-northern-ireland-banknote-regulations-2009/regulation-19.json",
  "legislation": "ukdsi/2009/9780111486306",
  "legislation_title": "The Scottish and Northern Ireland Banknote Regulations 2009",
  "legislation_url": "https://openlegislation.uk/draft-scottish-and-northern-ireland-banknote-regulations-2009",
  "path": "regulation/19",
  "kind": "regulation",
  "number": "19",
  "heading": "Interpretation",
  "text": "(1) In this Part—\n“appointed insolvency practitioner” means an insolvency practitioner or similar office holder appointed in respect of an insolvent bank for the purposes of an insolvency process;\n“insolvency process” means—\n(a) liquidation;\n(b) bank insolvency;\n(c) the appointment of a provisional liquidator;\n(d) the appointment of a provisional bank liquidator;\n(e) administration;\n(f) bank administration;\n(g) the appointment of a provisional bank administrator;\n(h) receivership;\n(i) a composition between a bank and its creditors;\n(j) a scheme of arrangement of a bank’s affairs; and\n(k) the processes specified in Part 1 of Schedule 2;\n“insolvent bank” means an authorised bank which has entered an insolvency process;\n“note exchange programme” means the arrangements made by the Bank of England for the purposes of regulation 21(1);\n“noteholder” means a person holding banknotes of an insolvent bank;\n“protected period” means the duration of the note exchange programme.\n(2) In this Part, a reference to a noteholder’s claim is a reference to a claim which is—\n(a) by a noteholder against an insolvent bank; and\n(b) for the payment of the total amount of money recorded as payable on the banknotes issued by that bank of which the noteholder is bearer.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2009/9780111486306/regulation/19",
    "retrieved_at": "2026-10-30T14:56:45.263381+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}