# The Scottish and Northern Ireland Banknote Regulations 2009, Regulation 20: Notification of insolvency


An authorised bank must notify the Bank of England without delay if it is, or is likely to be, unable to pay its debts as they fall due.

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Source: https://www.legislation.gov.uk/ukdsi/2009/9780111486306/regulation/20 (the official version)
Page: https://openlegislation.uk/draft-scottish-and-northern-ireland-banknote-regulations-2009/regulation-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.