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					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/1/section/62E</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/62E/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 AffectingProvisions="s. 96(3)" Modified="2024-02-13T13:42:44Z" AffectedProvisions="s. 4(8A) (8B)" AffectedNumber="1" EffectId="key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectedExtent="E+W+S+N.I." AffectingEffectsExtent="E+W+S+N.I." URI="http://www.legislation.gov.uk/id/effect/key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectingClass="UnitedKingdomPublicGeneralAct" Type="inserted" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" Row="166" AffectedYear="2009" AffectingNumber="21" 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" RequiresApplied="true"><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 AffectedExtent="E+W+S+N.I." AffectedNumber="1" AffectingEffectsExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" AffectingClass="UnitedKingdomPublicGeneralAct" Type="inserted" EffectId="key-d8a63745bbb1439c835cfacc25903209" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" AffectedProvisions="s. 8(2)(d) and word" URI="http://www.legislation.gov.uk/id/effect/key-d8a63745bbb1439c835cfacc25903209" RequiresApplied="true" AffectingYear="2012" Row="231" AffectingNumber="21" Modified="2024-02-13T13:42:44Z" AffectedYear="2009" AffectingProvisions="s. 96(4)(b)" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21"><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: money</Addition></Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62E" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62E" id="section-62E"><Pnumber PuncAfter="."><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">62E</Addition></Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62E/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62E/1" id="section-62E-1"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">1</Addition></Pnumber><P2para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">An appointment instrument or a Part 1 instrument may provide for the payment of remuneration and allowances to a resolution administrator.</Addition></Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62E/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62E/2" id="section-62E-2"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">2</Addition></Pnumber><P2para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">Provision made under subsection (1) may provide that the amounts are—</Addition></Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62E/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62E/2/a" id="section-62E-2-a"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">a</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">to be paid by the Bank of England, or</Addition></Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62E/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62E/2/b" id="section-62E-2-b"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">b</Addition></Pnumber><P3para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">to be determined by the Bank of England and paid by the bank.</Addition></Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/62E/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/62E/3" id="section-62E-3"><Pnumber><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">3</Addition></Pnumber><P2para><Text><Addition ChangeId="key-8c56b8a8b7c49cbfeeda26703171fadc-1582833305405" CommentaryRef="key-8c56b8a8b7c49cbfeeda26703171fadc">A resolution administrator is not liable for damages in respect of anything done in good faith for the purposes of or in connection with the functions of the office (subject to section 8 of the Human Rights Act 1998).</Addition></Text></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>