2009 No. 312

Banks And Banking

The Banking Act 2009 (Bank Administration) (Modification for Application to Banks in Temporary Public Ownership) Regulations 2009

Approved by both Houses of Parliament

Made

Laid before Parliament

Coming into force

These Regulations are made in exercise of the powers conferred by sections 152(3) and 259(1) of the Banking Act 20091.

The power in section 152 of the Banking Act 2009 is being exercised for the first time and the Treasury are satisfied, in accordance with section 259(4) of that Act, that it is necessary to exercise it without laying a draft for approval.

Accordingly, the Treasury make the following Regulations: