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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/1/section/62D</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/62D/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)" Type="inserted" AffectingClass="UnitedKingdomPublicGeneralAct" Row="166" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" URI="http://www.legislation.gov.uk/id/effect/key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectingProvisions="s. 96(3)" EffectId="key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectingNumber="21" RequiresApplied="true" AffectedNumber="1" AffectingEffectsExtent="E+W+S+N.I." AffectedYear="2009" Modified="2024-02-13T13:42:44Z" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedClass="UnitedKingdomPublicGeneralAct" AffectingYear="2012" AffectedExtent="E+W+S+N.I."><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 AffectingProvisions="s. 96(4)(b)" AffectedNumber="1" AffectedYear="2009" RequiresApplied="true" AffectingEffectsExtent="E+W+S+N.I." AffectingNumber="21" Row="231" AffectingYear="2012" AffectedExtent="E+W+S+N.I." AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" Type="inserted" AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-d8a63745bbb1439c835cfacc25903209" EffectId="key-d8a63745bbb1439c835cfacc25903209" AffectedProvisions="s. 8(2)(d) and word" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" Modified="2024-02-13T13:42:44Z" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectingClass="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> 
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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/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/1" NumberOfProvisions="229" id="part-1" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-01-19"><Number><CommentaryRef Ref="key-3f368772f125ea1ae21ac6cfd6f06119"/><CommentaryRef Ref="key-f4fd0d520deafd39562d2dea05f424f5"/><Strong>Part 1</Strong></Number><Title>Special Resolution Regime</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/1/chapter/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/1/chapter/3" NumberOfProvisions="163" id="part-1-chapter-3" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-01-19"><Number><Addition ChangeId="key-66128f0e1311ca44b09df6cb3e25b25a-1582893808011" CommentaryRef="key-66128f0e1311ca44b09df6cb3e25b25a">Chapter 3 </Addition></Number><Title><Addition ChangeId="key-66128f0e1311ca44b09df6cb3e25b25a-1582893808011" CommentaryRef="key-66128f0e1311ca44b09df6cb3e25b25a"> Special resolution action</Addition> </Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/1/crossheading/resolution-administrator" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/1/crossheading/resolution-administrator" NumberOfProvisions="4" id="part-1-crossheading-resolution-administrator" RestrictExtent="E+W+S+N.I." RestrictStartDate="2015-01-01"><Title><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">Resolution administrator</Addition></Title><P1group RestrictStartDate="2015-01-01"><Title><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">Resolution administrator: supplementary</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62D" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62D" id="section-62D"><Pnumber PuncAfter="."><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">62D</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62D/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62D/1" id="section-62D-1"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">A resolution administrator may do anything necessary or desirable for the purposes of or in connection with the performance of the functions of the office.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62D/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62D/2" id="section-62D-2"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">A resolution administrator is not a servant or agent of the Crown (and, in particular, is not a civil servant).</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62D/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62D/3" id="section-62D-3"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">Where a resolution administrator is appointed under this Part, the Bank of England—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62D/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62D/3/a" id="section-62D-3-a"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">must make provision in the appointment instrument or a Part 1 instrument for the resignation and replacement of the resolution administrator;</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62D/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62D/3/b" id="section-62D-3-b"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">may remove the resolution administrator from office only (i) on the ground of incapacity or misconduct, or (ii) on the ground that there is no further need for a person to perform the functions conferred on the resolution administrator.</Addition></Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Chapter></Part></Body></Primary><Commentaries><Commentary id="key-3f368772f125ea1ae21ac6cfd6f06119" Type="C"><Para><Text>Pt. 1 restricted (7.1.2010) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2010/35" id="c5nlkqlf2-00007" Class="UnitedKingdomStatutoryInstrument" Year="2010" Number="35" Title="Banking Act 2009 (Exclusion of Insurers) Order 2010">Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35)</Citation>, <CitationSubRef CitationRef="c5nlkqlf2-00007" id="c5nlkqlf2-00008" URI="http://www.legislation.gov.uk/id/uksi/2010/35/article/1" SectionRef="article-1">arts. 1</CitationSubRef>, <CitationSubRef CitationRef="c5nlkqlf2-00007" id="c5nlkqlf2-00009" URI="http://www.legislation.gov.uk/id/uksi/2010/35/article/2" SectionRef="article-2" Operative="true">2</CitationSubRef></Text></Para></Commentary><Commentary id="key-f4fd0d520deafd39562d2dea05f424f5" Type="C"><Para><Text>Pt. 1: power to amend conferred (1.3.2014) by <Citation URI="http://www.legislation.gov.uk/id/ukpga/2013/33" id="ckn1g5hk3-00068" Class="UnitedKingdomPublicGeneralAct" Year="2013" Number="33" Title="Financial Services (Banking Reform) Act 2013">Financial Services (Banking Reform) Act 2013 (c. 33)</Citation>, <CitationSubRef CitationRef="ckn1g5hk3-00068" id="ckn1g5hk3-00069" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/17/3/f" SectionRef="section-17-3-f" Operative="true">ss. 17(3)(f)</CitationSubRef>, <CitationSubRef CitationRef="ckn1g5hk3-00068" id="ckn1g5hk3-00070" URI="http://www.legislation.gov.uk/id/ukpga/2013/33/section/148/5" SectionRef="section-148-5">148(5)</CitationSubRef>; <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/377" id="ckn1g5hk3-00071" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="377" Title="The Financial Services (Banking Reform) Act 2013 (Commencement No. 1) Order 2014">S.I. 2014/377</Citation>, <CitationSubRef CitationRef="ckn1g5hk3-00071" id="ckn1g5hk3-00072" URI="http://www.legislation.gov.uk/id/uksi/2014/377/article/2/1/b" SectionRef="article-2-1-b">art. 2(1)(b)</CitationSubRef>, <CitationSubRef CitationRef="ckn1g5hk3-00071" id="ckn1g5hk3-00073" URI="http://www.legislation.gov.uk/id/uksi/2014/377/schedule/part/2" SectionRef="schedule-part-2">Sch. Pt. 2</CitationSubRef></Text></Para></Commentary><Commentary id="key-8c56b8a8b7c49cbfeeda26703171fadc" Type="F"><Para><Text>Ss. 62B-62E and cross-heading inserted (1.1.2015) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/3329" id="corey5183-00024" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="3329" Title="The Bank Recovery and Resolution Order 2014">The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329)</Citation>, <CitationSubRef CitationRef="corey5183-00024" id="corey5183-00025" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/1/2" SectionRef="article-1-2">arts. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="corey5183-00024" id="corey5183-00026" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/70" SectionRef="article-70" Operative="true">70</CitationSubRef></Text></Para></Commentary><Commentary id="key-66128f0e1311ca44b09df6cb3e25b25a" Type="F"><Para><Text>Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/3329" id="cosf2jbd3-00092" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="3329" Title="The Bank Recovery and Resolution Order 2014">The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329)</Citation>, <CitationSubRef CitationRef="cosf2jbd3-00092" id="cosf2jbd3-00093" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/1/2" SectionRef="article-1-2">arts. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cosf2jbd3-00092" id="cosf2jbd3-00094" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/7" SectionRef="article-7" Operative="true">7</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>