<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1" NumberOfProvisions="470" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2026-01-19"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ukpga/2009/1/section/88</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 AffectingClass="UnitedKingdomPublicGeneralAct" AffectedYear="2009" AffectedExtent="E+W+S+N.I." AffectingYear="2012" EffectId="key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" RequiresApplied="true" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" URI="http://www.legislation.gov.uk/id/effect/key-7455a3adf89e32b35f6ac8cdf42c31d1" AffectingNumber="21" AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" Type="inserted" Modified="2024-02-13T13:42:44Z" AffectedNumber="1" AffectedClass="UnitedKingdomPublicGeneralAct" Row="166" AffectingEffectsExtent="E+W+S+N.I." AffectedProvisions="s. 4(8A) (8B)" AffectingProvisions="s. 96(3)"><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 AffectedURI="http://www.legislation.gov.uk/id/ukpga/2009/1" Type="inserted" AffectingYear="2012" AffectingNumber="21" RequiresApplied="true" AffectingProvisions="s. 96(4)(b)" AffectedProvisions="s. 8(2)(d) and word" EffectId="key-d8a63745bbb1439c835cfacc25903209" AffectedYear="2009" AffectingEffectsExtent="E+W+S+N.I." URI="http://www.legislation.gov.uk/id/effect/key-d8a63745bbb1439c835cfacc25903209" Row="231" AffectingURI="http://www.legislation.gov.uk/id/ukpga/2012/21" AffectedExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" Modified="2024-02-13T13:42:44Z" AffectedEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingClass="UnitedKingdomPublicGeneralAct" AffectedNumber="1"><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/88/notes" DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/88/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/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/5" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/1/chapter/5" NumberOfProvisions="19" id="part-1-chapter-5" RestrictExtent="E+W+S+N.I." RestrictStartDate="2023-12-31"><Number><Addition ChangeId="key-12bdc81a0e7b51a4772974a763ddad20-1582895497475" CommentaryRef="key-12bdc81a0e7b51a4772974a763ddad20">Chapter 5</Addition></Number><Title><Addition ChangeId="key-12bdc81a0e7b51a4772974a763ddad20-1582895497475" CommentaryRef="key-12bdc81a0e7b51a4772974a763ddad20"> Special cases</Addition> </Title><Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/part/1/crossheading/building-societies-c" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/part/1/crossheading/building-societies-c" NumberOfProvisions="11" id="part-1-crossheading-building-societies-c" RestrictExtent="E+W+S+N.I." RestrictStartDate="2016-12-16"><Title><Emphasis>Building societies, &amp;c.</Emphasis></Title><P1group ConfersPower="true" RestrictExtent="E+W+S+N.I." RestrictStartDate="2009-02-21"><Title>Consequential provision</Title><P1 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/88" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/88" id="section-88"><Pnumber PuncAfter=""><CommentaryRef Ref="M_I_5257f955-2864-4f3b-f763-ce0de7a43eea"/><CommentaryRef Ref="key-dffeac2f8f3dcddd993a49826194aecc"/>88</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/88/1" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/88/1" id="section-88-1"><Pnumber>1</Pnumber><P2para><Text>The Treasury may by order make provision, in addition to the provisions of this group of sections, in consequence of the application of this Part to building societies.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/88/2" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/88/2" id="section-88-2"><Pnumber>2</Pnumber><P2para><Text>An order may, in particular, amend or modify the effect of an enactment (including a fiscal enactment) passed before the commencement of this Part.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/88/3" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/88/3" id="section-88-3"><Pnumber>3</Pnumber><P2para><Text>An order—</Text><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/88/3/a" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/88/3/a" id="section-88-3-a"><Pnumber>a</Pnumber><P3para><Text>shall be made by statutory instrument, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/ukpga/2009/1/section/88/3/b" IdURI="http://www.legislation.gov.uk/id/ukpga/2009/1/section/88/3/b" id="section-88-3-b"><Pnumber>b</Pnumber><P3para><Text>may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.</Text></P3para></P3></P2para></P2></P1para></P1></P1group></Pblock></Chapter></Part></Body></Primary><Commentaries><Commentary id="key-dffeac2f8f3dcddd993a49826194aecc" Type="I"><Para><Text>S. 88 in force at 21.2.2009 in so far as not already in force  by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/296" id="c5njw6fq2-00671" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="296" Title="The Banking Act 2009 (Commencement No. 1) Order 2009">S.I. 2009/296</Citation>, <CitationSubRef CitationRef="c5njw6fq2-00671" id="c5njw6fq2-00672" URI="http://www.legislation.gov.uk/id/uksi/2009/296/article/2" SectionRef="article-2">arts. 2</CitationSubRef>, <CitationSubRef CitationRef="c5njw6fq2-00671" id="c5njw6fq2-00673" URI="http://www.legislation.gov.uk/id/uksi/2009/296/article/3" SectionRef="article-3">3</CitationSubRef>, <CitationSubRef CitationRef="c5njw6fq2-00671" id="c5njw6fq2-00674" URI="http://www.legislation.gov.uk/id/uksi/2009/296/schedule/paragraph/1" SectionRef="schedule-paragraph-1" Operative="true">Sch. para. 1</CitationSubRef></Text></Para></Commentary><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="M_I_5257f955-2864-4f3b-f763-ce0de7a43eea" Type="I"><Para><Text>S. 88 in force at 17.2.2009 for specified purposes by <Citation URI="http://www.legislation.gov.uk/id/uksi/2009/296" id="d12e4n39" Class="UnitedKingdomStatutoryInstrument" Year="2009" Number="296">S.I. 2009/296</Citation>, arts. 2, 3, Sch. para. 1</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-12bdc81a0e7b51a4772974a763ddad20" Type="F"><Para><Text>Pt. 1 Ch. 5 formed from ss. 83A-89G (1.1.2015) by <Citation URI="http://www.legislation.gov.uk/id/uksi/2014/3329" id="cosfsx1x3-00319" 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="cosfsx1x3-00319" id="cosfsx1x3-00320" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/1/2" SectionRef="article-1-2">arts. 1(2)</CitationSubRef>, <CitationSubRef CitationRef="cosfsx1x3-00319" id="cosfsx1x3-00321" URI="http://www.legislation.gov.uk/id/uksi/2014/3329/article/98" SectionRef="article-98" Operative="true">98</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>