2009 No. 322

Banks And Banking

The Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009

Approved by both Houses of Parliament

Made

Laid before Parliament

Coming into force

The Treasury, in exercise of the powers conferred by sections 471, 48 and 259(1) of the Banking Act 20092, make the following Order.

The powers in sections 47 and 48 of the Banking Act 2009 are being exercised for the first time and the Treasury are satisfied, in accordance with section 259(4) of that Act, that it is necessary to exercise those powers without laying a draft for approval: