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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/1/section/112</dc:identifier><dc:title>Banking Act 2009</dc:title><dc:description>An Act to make provision about banking.</dc:description><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2026-02-20</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2026-01-19</dct:valid>
					
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					<atom:link rel="http://www.legislation.gov.uk/def/navigation/notes" href="http://www.legislation.gov.uk/id/ukpga/2009/1/section/112/notes" title="Explanatory Notes"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/notes/toc" href="http://www.legislation.gov.uk/ukpga/2009/1/notes/contents" title="Explanatory Notes Table of Contents"/>
					
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									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/notes"/><ukm:Alternatives><ukm:Alternative Date="2009-02-25" URI="http://www.legislation.gov.uk/ukpga/2009/1/pdfs/ukpgaen_20090001_en.pdf" Title="Explanatory Note"/></ukm:Alternatives>       
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/body" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/body" NumberOfProvisions="470" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-01-19"><Part DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/2" NumberOfProvisions="49" id="part-2" RestrictExtent="E+W+S+N.I." RestrictStartDate="2020-12-31"><Number><CommentaryRef Ref="key-b51e6c0382ca7cdcdc0e8125e497ae0e"/><CommentaryRef Ref="M_C_9d1f591a-5422-4003-a5ba-31adaef60d3d"/><CommentaryRef Ref="key-93f77ccf21d13fc3369d9cbadfb5b82c"/><CommentaryRef Ref="key-e5768b47ba00346b2c20a25d13f59326"/><Strong>Part 2</Strong></Number><Title>Bank Insolvency</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/2/crossheading/tenure-of-bank-liquidator" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/2/crossheading/tenure-of-bank-liquidator" NumberOfProvisions="7" id="part-2-crossheading-tenure-of-bank-liquidator" RestrictStartDate="2017-04-07"><Title><Emphasis>Tenure of bank liquidator</Emphasis></Title><P1group RestrictStartDate="2009-02-21"><Title>Replacement</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/112" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/112" id="section-112"><Pnumber PuncAfter=""><CommentaryRef Ref="key-87b274ff65b433c842b52a42472403f3"/>112</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/112/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/112/1" id="section-112-1"><Pnumber>1</Pnumber><P2para><Text>Where a bank liquidator vacates office the Bank of England must as soon as is reasonably practicable appoint a replacement bank liquidator.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/112/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/112/2" id="section-112-2"><Pnumber>2</Pnumber><P2para><Text>But where a bank liquidator is removed by resolution of a meeting of creditors under section 109—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/112/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/112/2/a" id="section-112-2-a"><Pnumber>a</Pnumber><P3para><Text>a replacement may be appointed by resolution of the meeting, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/112/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/112/2/b" id="section-112-2-b"><Pnumber>b</Pnumber><P3para><Text>failing that, subsection (1) above applies.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-87b274ff65b433c842b52a42472403f3" Type="I"><Para><Text>S. 112 in force at 21.2.2009  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/296" id="c5njw6fq2-01687" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="296" Title="The Banking Act 2009 (Commencement No. 1) Order 2009">S.I. 2009/296</Citation>, <CitationSubRef CitationRef="c5njw6fq2-01687" id="c5njw6fq2-01688" URI="http://www.legislation.gov.uk/id/uksi/2009/296/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="c5njw6fq2-01687" id="c5njw6fq2-01689" URI="http://www.legislation.gov.uk/id/uksi/2009/296/schedule/paragraph/2" SectionRef="schedule-paragraph-2" Operative="true">Sch. para. 2</CitationSubRef></Text></Para></Commentary><Commentary id="key-b51e6c0382ca7cdcdc0e8125e497ae0e" Type="C"><Para><Text>Pt. 2 applied (with modifications) by 1986 c. 53, s. 90C (as inserted (29.3.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/805" id="c5nk1hz82-00007" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="805" Title="Building Societies (Insolvency and Special Administration) Order 2009">Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805)</Citation>, <CitationSubRef CitationRef="c5nk1hz82-00007" id="c5nk1hz82-00008" URI="http://www.legislation.gov.uk/id/uksi/2009/805/article/2" SectionRef="article-2" Operative="true">art. 2</CitationSubRef>)</Text></Para></Commentary><Commentary id="key-93f77ccf21d13fc3369d9cbadfb5b82c" Type="C"><Para><Text>Pt. 2 restricted (7.1.2010) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2010/35" id="c5nlkqlf2-00016" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="35" Title="Banking Act 2009 (Exclusion of Insurers) Order 2010">Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35)</Citation>, <CitationSubRef CitationRef="c5nlkqlf2-00016" id="c5nlkqlf2-00017" URI="http://www.legislation.gov.uk/id/uksi/2010/35/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c5nlkqlf2-00016" id="c5nlkqlf2-00018" URI="http://www.legislation.gov.uk/id/uksi/2010/35/article/2" SectionRef="article-2" Operative="true">2</CitationSubRef></Text></Para></Commentary><Commentary id="key-e5768b47ba00346b2c20a25d13f59326" Type="C"><Para><Text>Pt. 2 applied (with modifications) (8.2.2011) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2011/245" id="c5ntqovd2-00018" Class="UnitedKingdomStatutoryInstrument" Year="2011" Number="245" Title="The Investment Bank Special Administration Regulations 2011">The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245)</Citation>, <CitationSubRef CitationRef="c5ntqovd2-00018" id="c5ntqovd2-00019" URI="http://www.legislation.gov.uk/id/uksi/2011/245/regulation/1" SectionRef="regulation-1">reg. 1</CitationSubRef>, <CitationSubRef CitationRef="c5ntqovd2-00018" id="c5ntqovd2-00020" URI="http://www.legislation.gov.uk/id/uksi/2011/245/schedule/1/paragraph/6" SectionRef="schedule-1-paragraph-6">Sch. 1 paras. 6</CitationSubRef>, <CitationSubRef CitationRef="c5ntqovd2-00018" id="c5ntqovd2-00021" URI="http://www.legislation.gov.uk/id/uksi/2011/245/schedule/1/paragraph/7" SectionRef="schedule-1-paragraph-7" Operative="true">7</CitationSubRef></Text></Para></Commentary><Commentary id="M_C_9d1f591a-5422-4003-a5ba-31adaef60d3d" Type="C"><Para><Text>Pt. 2 modified (29.3.2009) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/805" id="c5nk1hz82-00015" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="805" Title="Building Societies (Insolvency and Special Administration) Order 2009">Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805)</Citation>, <CitationSubRef id="cc134556308442" CitationRef="c5nk1hz82-00015" URI="http://www.legislation.gov.uk/id/uksi/2009/805/schedule/1/paragraph/1" SectionRef="schedule-1-paragraph-1" Operative="true">Sch. 1 para. 1</CitationSubRef> (as amended (7.4.2010) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2010/1189" id="c5nmnvz32-00007n1" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="1189" Title="Building Societies (Insolvency and Special Administration) (Amendment) Order 2010">Building Societies (Insolvency and Special Administration) (Amendment) Order 2010 (S.I. 2010/1189)</Citation>, <CitationSubRef CitationRef="" id="c5nmnvz32-00008n1" URI="http://www.legislation.gov.uk/id/uksi/2010/1189/article/1/2" SectionRef="article-1-2">arts. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="" id="c5nmnvz32-00009n1" URI="http://www.legislation.gov.uk/id/uksi/2010/1189/article/2" SectionRef="article-2" Operative="true">2</CitationSubRef> and amended (7.4.2017) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2017/400" id="cw56vzgy3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2017" Number="400" Title="The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017">The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400)</Citation>, <CitationSubRef CitationRef="cw56vzgy3-00007" id="cw56vzgy3-00008" URI="http://www.legislation.gov.uk/id/uksi/2017/400/regulation/1/2" SectionRef="regulation-1-2">regs. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cw56vzgy3-00007" id="cw56vzgy3-00009" URI="http://www.legislation.gov.uk/id/uksi/2017/400/regulation/8" SectionRef="regulation-8" Operative="true">8</CitationSubRef>)</Text></Para></Commentary></Commentaries></Legislation>