http://www.legislation.gov.uk/ukpga/2009/1/section/89ABanking 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) Part 1Chapter 589A1This Part applies to investment firms as it applies to banks, subject to the modifications in the following Table— ProvisionModificationSection 1Ignore subsection (2)(b). Section 3 In subsection (1), in the definition of “normal insolvency proceedings” ignore the reference to the bank insolvency procedure.Section 4Ignore subsections (2)(b), (6) and (7)(b).Section 5Ignore subsection (1)(b).Section 7Ignore subsection (7).. . .. . .Section 8ZAIn subsection (5), ignore the reference to the bank insolvency procedure.Section 12AA References to normal insolvency proceedings do not include a reference to the bank insolvency procedure. Section 14Ignore subsection (5).Section 60In subsection (3)(c), ignore the reference to bank insolvency.Section 60BIn subsection (4), ignore the reference to bank insolvency.Section 63In subsection (1A), ignore the reference to bank insolvency.Section 66In subsection (1ZA), ignore the reference to bank insolvency.2In the case of investment firms which are FCA-regulated investment firms, in subsection (1) the reference to this Part is a reference to this Part as it applies to FCA-regulated banks by virtue of section 83A.3In this section—“FCA-regulated bank” has the meaning given by section 83A(2);“FCA-regulated investment firm” means an investment firm which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000.Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2S. 89A and cross-heading 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(5), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(e); S.I. 2014/1847, art. 2S. 89A(2)(3) substituted for s. 89A(2) (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 101(3)Words in s. 89A(1) substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 101(2)Pt. 1 Ch. 5 formed from ss. 83A-89G (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 98Words in s. 89A(1) Table omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 23Words in s. 89A(1) 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. 40; 2020 c. 1, Sch. 5 para. 1(1)Words in s. 89A(1) Table inserted (31.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(3), 71