<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/206B</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/206B/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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					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/2009/1/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/2013-04-01" title="2013-04-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/2013-04-01" title="2013-04-01"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/2020-12-31" title="2020-12-31"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/2009/1" title="Entire legislation"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/2009/1/section/206AA" title="Provision; Section 206AA"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/2009/1/section/206AA" title="Provision; Section 206AA"/><atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/2009/1/section/206C" title="Provision; Section 206C"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/2009/1/section/206C" title="Provision; Section 206C"/>
					<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 AffectingNumber="21" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingEffectsExtent="E+W+S+N.I." AffectedNumber="1" AffectingProvisions="s. 96(3)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" Type="inserted" AffectedProvisions="s. 4(8A) (8B)" AffectedExtent="E+W+S+N.I." Modified="2024-02-13T13:42:44Z" EffectId="key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2009" RequiresApplied="true" AffectingYear="2012" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" URI="http://www.legislation.gov.uk/id/effect/key-7455a3adf89e32b35f6ac8cdf42c31d1" Row="166"><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 AffectingNumber="21" AffectingClass="UnitedKingdomPublicGeneralAct" AffectingYear="2012" AffectedYear="2009" AffectedNumber="1" Type="inserted" RequiresApplied="true" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedExtent="E+W+S+N.I." Modified="2024-02-13T13:42:44Z" AffectingProvisions="s. 96(4)(b)" Row="231" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" EffectId="key-d8a63745bbb1439c835cfacc25903209" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectingEffectsExtent="E+W+S+N.I." URI="http://www.legislation.gov.uk/id/effect/key-d8a63745bbb1439c835cfacc25903209" AffectedProvisions="s. 8(2)(d) and word" AffectedClass="UnitedKingdomPublicGeneralAct"><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> 
					<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/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="2020-12-31"><Title><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">International obligations</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/206B" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206B" id="section-206B"><Pnumber PuncAfter=""><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">206B</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206B/1" id="section-206B-1"><Pnumber><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">If it appears to the Treasury that any action proposed to be taken by the Bank of England in exercising its powers under this Part would be incompatible with  </Addition><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736"><Substitution ChangeId="key-869d95c2bd9fc687116b3ec4b0ba52a0-1627571127141" CommentaryRef="key-869d95c2bd9fc687116b3ec4b0ba52a0">any</Substitution></Addition><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">  international obligations of the United Kingdom, the Treasury may direct the Bank not to take that action.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206B/2" id="section-206B-2"><Pnumber><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">If it appears to the Treasury that any action which the Bank of England has power under this Part to take is required for the purpose of implementing any such obligation, the Treasury may direct the Bank to take that action.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206B/3" id="section-206B-3"><Pnumber><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">A direction under this section—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206B/3/a" id="section-206B-3-a"><Pnumber><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">may include such supplemental or incidental requirements as the Treasury consider necessary or expedient, and</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/206B/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206B/3/b" id="section-206B-3-b"><Pnumber><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-d43c82ea2badc7b18fe3f8cb9c24a736-1474292570796" CommentaryRef="key-d43c82ea2badc7b18fe3f8cb9c24a736">is enforceable on an application by the Treasury, by injunction or, in Scotland, by an order for specific performance under section 45 of the Court of Session Act 1988.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-d43c82ea2badc7b18fe3f8cb9c24a736" Type="F"><Para><Text>S. 206B inserted (1.4.2013) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2012/21" id="cawdx6632-00109" Class="UnitedKingdomPublicGeneralAct" Year="2012" Number="21" Title="Financial Services Act 2012">Financial Services Act 2012 (c. 21)</Citation>, <CitationSubRef CitationRef="cawdx6632-00109" id="cawdx6632-00110" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/105" SectionRef="section-105" Operative="true">ss. 105</CitationSubRef>, <CitationSubRef CitationRef="cawdx6632-00109" id="cawdx6632-00111" URI="http://www.legislation.gov.uk/id/ukpga/2012/21/section/122/3" SectionRef="section-122-3">122(3)</CitationSubRef> (with <CitationSubRef CitationRef="cawdx6632-00109" id="cawdx6632-00112" 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="cawdx6632-00113" Class="UnitedKingdomStatutoryInstrument" Year="2013" Number="423" Title="The Financial Services Act 2012 (Commencement No. 2) Order 2013">S.I. 2013/423</Citation>, <CitationSubRef CitationRef="cawdx6632-00113" id="cawdx6632-00114" URI="http://www.legislation.gov.uk/id/uksi/2013/423/article/3" SectionRef="article-3">art. 3</CitationSubRef>, <CitationSubRef CitationRef="cawdx6632-00113" id="cawdx6632-00115" 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-869d95c2bd9fc687116b3ec4b0ba52a0" Type="F"><Para><Text>Word in <CitationSubRef id="c9bd07ig4-00006" SectionRef="section-206B-1" URI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/206B/1">s. 206B(1)</CitationSubRef> substituted (31.12.2020) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2018/1394" id="c9bd07ig4-00007" Class="UnitedKingdomStatutoryInstrument" Year="2018" Number="1394" Title="The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018">The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394)</Citation>, <CitationSubRef CitationRef="c9bd07ig4-00007" id="c9bd07ig4-00008" SectionRef="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2018/1394/regulation/1/2">reg. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="c9bd07ig4-00007" id="c9bd07ig4-00009" SectionRef="schedule-1-paragraph-52" URI="http://www.legislation.gov.uk/id/uksi/2018/1394/schedule/1/paragraph/52" Operative="true">Sch. 1 para. 52</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/ukpga/2020/1" id="c9bd07ig4-00010" Year="2020" Class="UnitedKingdomPublicGeneralAct" Number="1">2020 c. 1</Citation>, <CitationSubRef CitationRef="c9bd07ig4-00010" id="c9bd07ig4-00011" URI="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1" SectionRef="schedule-5-paragraph-1-1">Sch. 5 para. 1(1)</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>