Banking Act 2009 (c. 1)

Part 1 U.K. Special Resolution Regime

Objectives and code U.K.

6 Code of practice: procedure U.K.

(1) Before issuing the code of practice the Treasury must consult—

(a) the FSA,

(b) the Bank of England, and

(c) the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000).

(2) As soon as is reasonably practicable after issuing the code of practice the Treasury shall lay a copy before Parliament.

(3) The Treasury may revise and re-issue the code of practice.

(4) Subsections (1) and (2) apply to re-issue as to the first issue.

Commencement Information

I1 S. 6 in force at 21.2.2009 in so far as not already in force by S.I. 2009/296, arts. 2, 3, Sch. para. 1