http://www.legislation.gov.uk/ukpga/2009/1/section/209Banking Act 2009An Act to make provision about banking.texttext/xmlenStatute Law Database2026-02-20Expert Participation2026-01-19
Banking Act 2009s. 4(8A) (8B)Financial Services Act 2012s. 96(3)Sch. 20s. 122(3)Banking Act 2009s. 8(2)(d) and wordFinancial Services Act 2012s. 96(4)(b)Sch. 20s. 122(3)
Part 6Banknotes: Scotland and Northern Ireland<Emphasis>Key terms</Emphasis>“Issue”2091For the purposes of this Part a banknote is issued when it passes—afrom a person who holds it not as bearer but as a person carrying on the business of banking (“the issuing bank”), andbto a person taking as bearer (“the bearer”).2In subsection (1)(a) the reference to a banknote passing from the issuing bank includes a reference to it passing—afrom the issuing bank's agent, orbfrom a person printing or preparing the banknote for, or taking it to, the issuing bank or its agent.3For the purposes of subsection (1)(b) it does not matter whether the bearer also holds the banknote for use in the business of banking.S. 209 in force at 23.11.2009 by S.I. 2009/3000, art. 3S. 209 excluded (8.2.2018) by The Scottish Banknote (Designation of Authorised Bank) Regulations 2018 (S.I. 2018/169), regs. 1, 7(2)