Banking Act 2009 (c. 1)

Valid from 12/11/2009

Part 6 U.K. Banknotes: Scotland and Northern Ireland

Regulations and rules U.K.

215 Banknote regulations U.K.

(1) The Treasury shall make regulations about the treatment, holding and issuing of banknotes by authorised banks (“banknote regulations”).

(2) Banknote regulations—

(a) shall be made by statutory instrument, and

(b) may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.