<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1" NumberOfProvisions="470" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-01-19"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/1/section/203B</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/203B/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:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2009"/><ukm:Number Value="1"/><ukm:EnactmentDate Date="2009-02-12"/><ukm:ISBN Value="9780105450184"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectedProvisions="s. 4(8A) (8B)" RequiresApplied="true" Modified="2024-02-13T13:42:44Z" URI="http://www.legislation.gov.uk/id/effect/key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingNumber="21" Type="inserted" AffectingEffectsExtent="E+W+S+N.I." AffectingYear="2012" AffectedNumber="1" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" Row="166" AffectingClass="UnitedKingdomPublicGeneralAct" EffectId="key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectedExtent="E+W+S+N.I." AffectingProvisions="s. 96(3)" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedYear="2009"><ukm:AffectedTitle>Banking Act 2009</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-4-8A" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/4/8A" FoundRef="section-4">s. 4(8A)</ukm:Section> <ukm:Section Ref="section-4-8B" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/4/8B" FoundRef="section-4">(8B)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-96-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/96/3">s. 96(3)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-122-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">s. 122(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" EffectId="key-d8a63745bbb1439c835cfacc25903209" Type="inserted" URI="http://www.legislation.gov.uk/id/effect/key-d8a63745bbb1439c835cfacc25903209" AffectedYear="2009" AffectingEffectsExtent="E+W+S+N.I." AffectedExtent="E+W+S+N.I." RequiresApplied="true" AffectedProvisions="s. 8(2)(d) and word" Modified="2024-02-13T13:42:44Z" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectingProvisions="s. 96(4)(b)" AffectedNumber="1" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" Row="231" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingNumber="21" AffectingYear="2012"><ukm:AffectedTitle>Banking Act 2009</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-8-2-d" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/8/2/d" FoundRef="section-8">s. 8(2)(d)</ukm:Section> and word</ukm:AffectedProvisions><ukm:AffectingTitle>Financial Services Act 2012</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-96-4-b" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/96/4/b">s. 96(4)(b)</ukm:Section></ukm:AffectingProvisions><ukm:Savings><ukm:Section Ref="schedule-20" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20">Sch. 20</ukm:Section></ukm:Savings><ukm:CommencementAuthority><ukm:Section Ref="section-122-3" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3">s. 122(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									<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>       
								</ukm:Notes> 
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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/5" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/5" NumberOfProvisions="38" id="part-5" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-08-29"><Number><Strong>Part 5</Strong></Number><Title><CommentaryRef Ref="key-2e568712c058f911951f9ff34916ca00"/>... Payment Systems <Addition ChangeId="key-2d9cb448bdf53caaf9b18cda25f491ec-1695384634469" CommentaryRef="key-2d9cb448bdf53caaf9b18cda25f491ec">and service providers</Addition> </Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/5/crossheading/miscellaneous" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/5/crossheading/miscellaneous" NumberOfProvisions="10" id="part-5-crossheading-miscellaneous" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-08-29"><Title><Emphasis>Miscellaneous</Emphasis></Title><P1group RestrictStartDate="2010-04-08"><Title><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">Annual report</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/203B" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/203B" id="section-203B"><Pnumber PuncAfter=""><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">203B</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/203B/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/203B/1" id="section-203B-1"><Pnumber><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">At least once a year the Bank of England must make a report to the Treasury on—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/203B/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/203B/1/a" id="section-203B-1-a"><Pnumber><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">the discharge of its functions under this Part,</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/203B/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/203B/1/b" id="section-203B-1-b"><Pnumber><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">the extent to which, in its opinion, in discharging those functions its financial stability objective has been met, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/203B/1/c" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/203B/1/c" id="section-203B-1-c"><Pnumber><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">c</Addition></Pnumber><P3para><Text><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">such other matters as the Treasury may from time to time direct.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/203B/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/203B/2" id="section-203B-2"><Pnumber><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">Subsection (1) does not require the inclusion in the report of any information whose publication would in the opinion of the Bank of England be against the public interest.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/203B/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/203B/3" id="section-203B-3"><Pnumber><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-25980387c4fd39123b4e425baab82c9a-1474292444236" CommentaryRef="key-25980387c4fd39123b4e425baab82c9a">The Treasury must lay before Parliament a copy of each report received by them under this section.</Addition></Text></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-25980387c4fd39123b4e425baab82c9a" Type="F"><Para><Text>Ss. 203A, 203B inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cawdx6632-00096" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cawdx6632-00096" id="cawdx6632-00097" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/104/8" SectionRef="section-104-8" Operative="true">ss. 104(8)</CitationSubRef>, <CitationSubRef CitationRef="cawdx6632-00096" id="cawdx6632-00098" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="cawdx6632-00096" id="cawdx6632-00099" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/schedule/20" SectionRef="schedule-20">Sch. 20</CitationSubRef>); <Citation URI="http://www.legislation.gov.uk/id/uksi/2013/423" id="cawdx6632-00100" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cawdx6632-00100" id="cawdx6632-00101" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cawdx6632-00100" id="cawdx6632-00102" URI="http://www.legislation.gov.uk/id/uksi/2013/423/schedule" SectionRef="schedule">Sch.</CitationSubRef></Text></Para></Commentary><Commentary id="key-2e568712c058f911951f9ff34916ca00" Type="F"><Para><Text>Word in <CitationSubRef id="cwgoxuu43-00006" SectionRef="part-5" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/5">Pt. 5</CitationSubRef> heading omitted (27.6.2017) by virtue of <Citation URI="http://www.legislation.gov.uk/id/ukpga/2017/30" id="cwgoxuu43-00007" Class="UnitedKingdomPublicGeneralAct" Year="2017" Number="30" Title="Digital Economy Act 2017">Digital Economy Act 2017 (c. 30)</Citation>, <CitationSubRef CitationRef="cwgoxuu43-00007" id="cwgoxuu43-00008" SectionRef="section-118-2" URI="http://www.legislation.gov.uk/id/ukpga/2017/30/section/118/2">s. 118(2)</CitationSubRef>, <CitationSubRef CitationRef="cwgoxuu43-00007" id="cwgoxuu43-00009" SectionRef="schedule-9-paragraph-2" URI="http://www.legislation.gov.uk/id/ukpga/2017/30/schedule/9/paragraph/2" Operative="true">Sch. 9 para. 2</CitationSubRef></Text></Para></Commentary><Commentary id="key-2d9cb448bdf53caaf9b18cda25f491ec" Type="F"><Para><Text>Words in <CitationSubRef id="c4gveno15-00080" SectionRef="part-5" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/5">Pt. 5</CitationSubRef> heading inserted (29.8.2023) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2023/29" id="c4gveno15-00081" Class="UnitedKingdomPublicGeneralAct" Year="2023" Number="29" Title="Financial Services and Markets Act 2023">Financial Services and Markets Act 2023 (c. 29)</Citation>, <CitationSubRef CitationRef="c4gveno15-00081" id="c4gveno15-00082" SectionRef="section-86-2-a" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/2/a">s. 86(2)(a)</CitationSubRef>, <CitationSubRef CitationRef="c4gveno15-00081" id="c4gveno15-00083" SectionRef="schedule-6-paragraph-2" URI="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/6/paragraph/2" Operative="true">Sch. 6 para. 2</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>