http://www.legislation.gov.uk/uksi/2010/35/note/made
The Banking Act 2009 (Exclusion of Insurers) Order 2010
Banking
en
King's Printer of Acts of Parliament
2011-07-04
BANKS AND BANKING
This Order excludes insurers from the definition of “bank” in Parts 1 and 2 of the Banking Act 2009, ensuring that they fall outside the scope of the provisions of that Act in relation to the special resolution regime and bank insolvency.
The Banking Act 2009 (Exclusion of Insurers) Order 2009
EXPLANATORY NOTE
(This note is not part of the Order)
This Order excludes insurers from the definition of “bank” in Parts 1 and 2 of the Banking Act 2009, ensuring that they fall outside the scope of the provisions of that Act in relation to the special resolution regime and bank insolvency.
An Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.