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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
This instrument is being reprinted following approval by both Houses of Parliament but also includes a number of minor corrections to the original Order laid before Parliament on 30th March 2009 and is therefore being issued free of charge to all recipients of the original instrument.
Approved by both Houses of Parliament
3.06 p.m. on 29th March 2009
Coming into force-
29th March 2009
Laid before Parliament
30th March 2009
The Treasury, in exercise of the powers conferred by sections 130, 158 and 259(1) of the Banking Act 2009(1), make the following Order.
The powers in sections 130 and 158 of the Banking Act 2009 are being exercised for the first time and the Treasury is satisfied, in accordance with section 259(4) of that Act, that it is necessary to exercise those powers without laying a draft for approval.
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 accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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