2009 No. 296 (C. 14)
The Banking Act 2009 (Commencement No. 1) Order 2009
S-1
Citation and interpretationCitation and interpretation
1.—(1) This Order may be cited as the Banking Act 2009 (Commencement No. 1) Order 2009.
(2) In this Order, “the Act” means the Banking Act 2009.
S-2
Provisions conferring power to make secondary legislation etcProvisions conferring power to make secondary legislation etc
2. To the extent that the provisions in the Schedule to this Order confer or relate to the power to make subordinate legislation or codes of practice, those provisions come into force on 17th February 2009 for the purpose of enabling subordinate legislation or codes of practice to be made; but no such subordinate legislation or codes of practice may come into force before 21st February 2009.
S-3
Provisions of the Act coming into force on 21st February 2009Provisions of the Act coming into force on 21st February 2009
3. The provisions of the Act listed in the Schedule to this Order come into force on 21st February 2009.
SCHEDULE
SCHEDULE
1. Sections 1 to 89 (Part 1 of the Act: the special resolution regime)
2. Sections 90 to 135 (Part 2 of the Act: bank insolvency)
3. Sections 136 to 168 (Part 3 of the Act: bank administration)
4. Sections 169, 171, and 173 to 180 (provisions relating to the Financial Services Compensation Scheme)
5. Sections 228 to 231 (Treasury support for banks)
6. Sections 232 to 236 (investment banks)
7. Section 237 (Banking (Special Provisions) Act 2008, compensation: valuer)
8. Sections 244 to 247 (provisions relating to the Bank of England)
9. Sections 248 to 250 (provisions relating to the Financial Services Authority)
10. Section 251 (financial assistance to building societies)
11. Sections 252 and 253 (registration of charges and registration of charges: Scotland)
12. Section 257 (meaning of “financial assistance”)
13. Section 258 (meaning of “enactment”)
14. Section 259 (statutory instruments)
16. Section 261(index of defined terms)
Regulation 2 enables secondary legislation and codes of practice to be made under the Act on or after 17th February 2009, although any such secondary legislation or code of practice may not come into force before 21st February 2009.
