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Banks And Banking
8th July 2009
Coming into force
9th July 2009
The Treasury make this Order in exercise of the powers conferred by sections 47, 48 and 259(1) of the Banking Act 2009(1).
A draft of this Order has been laid before and approved by a resolution of each House of Parliament in accordance with sections 47(5) and 48(6) of that Act.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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