# The Silicon Valley Bank UK Limited Compensation Scheme Order 2024, Introduction: Introductory text


Draft Order laid before Parliament under section 62(2) of the Banking Act 2009, for approval by resolution of each House of Parliament.
Banks And Banking
Made ***
Coming into force in accordance with article 1(2)
The Treasury make this Order in exercise of the powers conferred by sections 49(2), 50(2), 61(2) and 259(1) of the Banking Act 2009.
A draft of this Order has been laid before Parliament and approved by a resolution of each House of Parliament in accordance with section 62(2) of the Banking Act 2009.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348265217/introduction (the official version)
Page: https://openlegislation.uk/draft-silicon-valley-bank-uk-limited-compensation-scheme-order-2024/introduction
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.