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Banks And Banking
18th November 2009
Coming into force
23rd November 2009
The Treasury make these Regulations in exercise of the powers conferred by sections 215 to 220, 222 to 224, 226 and 259(1) of the Banking Act 2009(1). In accordance with section 215 of that Act, a draft of these Regulations has been laid before and approved by resolution of each House of Parliament.
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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