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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/1/section/241</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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					<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 EffectId="key-7455a3adf89e32b35f6ac8cdf42c31d1" RequiresApplied="true" AffectedNumber="1" Modified="2024-02-13T13:42:44Z" Row="166" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2009" AffectingNumber="21" AffectedExtent="E+W+S+N.I." AffectedProvisions="s. 4(8A) (8B)" AffectingProvisions="s. 96(3)" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" URI="http://www.legislation.gov.uk/id/effect/key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectingEffectsExtent="E+W+S+N.I." AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" Type="inserted" AffectingYear="2012"><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 AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectingYear="2012" Type="inserted" AffectedYear="2009" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingEffectsExtent="E+W+S+N.I." AffectingClass="UnitedKingdomPublicGeneralAct" AffectedNumber="1" Modified="2024-02-13T13:42:44Z" URI="http://www.legislation.gov.uk/id/effect/key-d8a63745bbb1439c835cfacc25903209" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" AffectingNumber="21" RequiresApplied="true" AffectedProvisions="s. 8(2)(d) and word" AffectedClass="UnitedKingdomPublicGeneralAct" Row="231" AffectingProvisions="s. 96(4)(b)" EffectId="key-d8a63745bbb1439c835cfacc25903209" AffectedExtent="E+W+S+N.I."><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/section/241/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/241/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/7" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/7" NumberOfProvisions="35" id="part-7" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-08-29"><Number><Strong>Part 7</Strong></Number><Title>Miscellaneous</Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/7/crossheading/bank-of-england" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/7/crossheading/bank-of-england" NumberOfProvisions="14" id="part-7-crossheading-bank-of-england" RestrictStartDate="2023-08-29"><Title><Emphasis>Bank of England</Emphasis></Title><P1group RestrictStartDate="2009-06-01"><Title>Chair of court</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/241" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/241" id="section-241"><Pnumber PuncAfter=""><CommentaryRef Ref="key-caeaeaa44f4a7e7b050d47d0d1c7f7cc"/>241</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/241/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/241/1" id="section-241-1"><Pnumber>1</Pnumber><P2para><Text>For paragraph 13(3) of Schedule 1 to the Bank of England Act 1998 (court of directors: chairing meetings) substitute—</Text><BlockAmendment TargetClass="unknown" TargetSubClass="unknown" Context="schedule" Format="default"><P2><Pnumber>3</Pnumber><P2para><Text>The Chancellor of the Exchequer may designate—</Text><P3><Pnumber>a</Pnumber><P3para><Text>a member of the court to chair its meetings (“the chair of the court”), and</Text></P3para></P3><P3><Pnumber>b</Pnumber><P3para><Text>one or more members of the court as deputies to chair its meetings in the absence of the chair of the court.</Text></P3para></P3></P2para></P2></BlockAmendment></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/241/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/241/2" id="section-241-2"><Pnumber>2</Pnumber><P2para><Text>For section 3(4) of that Act (sub-committee: chair) substitute—</Text><BlockAmendment TargetClass="primary" TargetSubClass="unknown" Context="main" Format="default"><P2><Pnumber>4</Pnumber><P2para><Text>The chair of the court (designated under paragraph 13 of Schedule 1) shall chair meetings of the sub-committee (when present).</Text></P2para></P2></BlockAmendment></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-caeaeaa44f4a7e7b050d47d0d1c7f7cc" Type="I"><Para><Text>S. 241 in force at 1.6.2009  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/1296" id="c5nkdmra2-00042" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="1296" Title="Banking Act 2009 (Commencement No.2) Order 2009">S.I. 2009/1296</Citation>, <CitationSubRef CitationRef="c5nkdmra2-00042" id="c5nkdmra2-00043" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/article/2" SectionRef="article-2">art. 2</CitationSubRef>, <CitationSubRef CitationRef="c5nkdmra2-00042" id="c5nkdmra2-00044" URI="http://www.legislation.gov.uk/id/uksi/2009/1296/schedule/paragraph/4" SectionRef="schedule-paragraph-4" Operative="true">Sch. para. 4</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>