http://www.legislation.gov.uk/ukpga/2009/1/section/261Banking 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)Banking Act 2009s. 3(5)The Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026reg. 19(4)reg. 1(2) Part 8261The Table sets out expressions defined in this Act for general purposes.ExpressionSectionAction93 and 166 Additional Tier 1 instruments (in Part 1) 3 Bail-in compensation order 49 bail in liabilities 3Bank (Part 1)2Bank (Part 2)91Bank administration136Bank administration order141Bank insolvency90Bank insolvency order94 Bank of England 256B Banking group company 81D Bridge bank12Bridge bank reverse share transfer instrument31Bridge bank share transfer instrument30 Bridge bank supplemental property transfer instrument 44DBridge bank supplemental reverse property transfer instrument44E the capital requirements regulation (in Part 1) 3 . . . . . . Client assets (Part 1) 3 Common Equity Tier 1 instruments (in Part 1) 3 Compensation scheme order49The court (Part 2)92The court (Part 3)166 critical functions (in Part 1) 3 Eligible depositors93 eligible liabilities 3 Enactment258 extraordinary public financial support (in Part 1) 3 FCA 3, 93, 166 , 183 & 206F . . .. . . FSCS (in Part 1) 3FSCS (in Part 2)93Fair93Financial assistance257Financial institution230Full payment resolution100Independent valuer54. . .. . . Investment firm 258A Liquidation committee100 mandatory reduction instrument 6B Normal insolvency proceedings (in Part 1) 3Objective 1 Achievement Notice139Onward bridge bank12Onward property transfer instrument43Onward share transfer instrument26ZAOnward share transfer order28 own funds (in Part 1) 3 own funds requirements (in Part 1) 3 Partial property transfer47 Payment system 182 Payment Systems Regulator 183 & 206F . . .. . . PRA 3, 93, 166 , 183 & 206F Private sector reverse property transfer instrument 42A Property transfer instrument33Property transfer order45 Prudential Regulation Authority 256B. . .. . . the recovery and resolution directive (in Part 1) 3 relevant capital instruments (in Part 1) 3 relevant internal liabilities 3 resolution company 29A resolution entity 3Resolution fund order49 resolution group 3 Resolution instrument 12A Reverse property transfer instrument44Reverse property transfer order46... reverse share transfer instrument 26A Reverse share transfer order29Securities14Share transfer instrument15Share transfer order16 Special bail-in provision 48B Special resolution regime1Special resolution objectives4Stabilisation options1Stabilisation powers1Supplemental property transfer instrument42Supplemental share transfer instrument or order26 & 27 third-country instrument 89I Third party compensation order49 & 59 Tier 2 instruments (in Part 1) 3 Unable to pay debts93 & 166 . . . . . . S. 261 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 16Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(11), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.Words in s. 261 omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch.Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 100(7), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(c); S.I. 2014/1847, art. 2Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 101(9), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(f); S.I. 2014/1847, art. 2Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(a) (with regs. 52-58)Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(c) (with regs. 52-58)Words in s. 261 inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 32; S.I. 2014/3160, art. 2(1)(b)Words in s. 261 inserted (1.1.2015) by Financial Services Act 2012 (c. 21), ss. 96(6), 122(3) (with Sch. 20); S.I. 2014/3323, art. 2Words in s. 261 inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 111Words in s. 261 inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(a)Words in s. 261 omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(i)Words in s. 261 moved (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(ii)Words in s. 261 inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 63 (with Sch. 3); S.I. 2017/43, reg. 2(g)Words in s. 261 omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(a)Words in s. 261 inserted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(b)Words in s. 261 inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(29)Words in s. 261 inserted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 25Words in s. 261 Table substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 56(2); 2020 c. 1, Sch. 5 para. 1(1)Words in s. 261 Table inserted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 56(3); 2020 c. 1, Sch. 5 para. 1(1)Words in s. 261 substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(a)Words in s. 261 inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(b)Words in s. 261 substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(c)Words in s. 261 omitted (31.12.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 162(8)(a); S.I. 2023/1382, reg. 8(b) (with reg. 14)Words in s. 261 omitted (31.12.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 162(8)(b); S.I. 2023/1382, reg. 8(b) (with reg. 14)